FLEXIBLE BENEFIT. A. Every eligible employee who is not participating in the District’s group health insurance plan shall provide satisfactory evidence during the open enrollment period each year that the employee is otherwise covered by a group health insurance plan through (i) the employer of the employee’s spouse, or (ii) a group plan of the employee’s other place of employment, or (iii) a group plan with comparable coverage to the Districts current insurance coverage, qualified as a creditable plan by the District’s group health insurance carrier. If such satisfactory evidence is provided, the employee shall receive 56% of the flexible benefit amount during the 2018-2019 contract year. If an employee does not timely provide such satisfactory evidence during the open enrollment period each year, the employee shall not receive any flexible benefit credit.
FLEXIBLE BENEFIT. The District shall provide to each employee affected by this agreement $170 monthly subject to all applicable taxes, which may be applied toward compensation and/or benefits consistent with the provisions of state and federal tax law.
FLEXIBLE BENEFIT. The City will provide a pre-tax benefit whereby eligible medical expenses and dependent care expenses may be deducted from salary on a pre-tax basis and claims made for those accounts are submitted to Human Resources for reimbursement. All enrollment requirements and procedures must be followed for participation.
FLEXIBLE BENEFIT. The District shall establish an independent and separate account within its Flexible Benefits Plan for the purpose of providing the following benefits to the Superintendent consistent with the Internal Revenue Code. The District shall credit the Superintendent’s said account with Seven Hundred Fifty Dollars ($750) annually. Amounts from such account may be used in the discretion of the Superintendent for: (1) dental/optometric expenses; (2) other health related expenses; (3) premiums for income disability plans; or (4) any other benefit(s) mutually agreed upon by the parties.
FLEXIBLE BENEFIT. The Employer shall establish a flexible benefit program for its employees to include, but not limited to, allowing for a deferred compensation plan and a plan where pre-tax dollars can be deducted to help pay the employee share of insurance premiums and other medical costs. The Employer shall contribute $30 per month toward the employee's health care savings plan. If an employee does not utilize the contribution in full or part, the employee shall receive a monthly contribution from the Employer by adding the remaining amount to the employee's paycheck after taxes. This program will continue as long as the employee participation warrants the Employer's cost to offer these programs.
FLEXIBLE BENEFIT. The Flexible Benefit plan shall be provided by the district.
FLEXIBLE BENEFIT. The Employee shall be entitled to receive a flexible benefit payment of 10% of his salary to be utilized by the Employee at his discretion for travel, additional insurance coverage, educational needs or retirement programs. This payment will be paid thirty (30) days after each anniversary of this Agreement.
FLEXIBLE BENEFIT. The District shall provide to each employee $50.00 monthly, prorated and credited bi-weekly, as compensation, and which may be applied toward deferred compensation or medical premium expenses at the discretion of each employee.
FLEXIBLE BENEFIT. The Board shall establish and fund the administrative setup fee, if any, of a flexible benefit plan that meets the requirements of Section 125 and Section 129 of the Internal Revenue Code. Each full-time Employee participating in the plan shall pay any other individual administrative fee for the plan. The plan shall be administered by an independent contractor selected by the Board. The plan shall be developed in consultation with the Association and shall provide an opportunity, pursuant to relevant Internal Revenue Service Guidelines and Regulations, for an Employee to elect to deduct from his or her compensation amounts to pay for benefits under the plan. Such benefits will include, to the extent allowable by the Internal Revenue Code:
FLEXIBLE BENEFIT. Adjustments to payroll deductions will be based on relevant state statutes and the current Agreement between the Stonington Board of Education and the Stonington Education Association. *See Article 4 "Definitions" **Plans will be limited to a maximum of twelve (12) institutions mutually agreed upon by the Stonington Education Association and the Stonington Board of Education.
