IRS 125 Plan a. The Board shall apply that part of the bargaining unit member’s salary which is the bargaining unit member’s participation in the monthly health benefits premium so as to tax-shelter that participation. The Board shall comply with IRS and federal law requirements in doing so.
IRS 125 Plan. The Village has made available to employees union members an IRS Section 125 cafeteria plan which allows employees union members to pay for life Insurance, child care and medical expenses with pre-tax dollars. This benefit shall be made available to employees union members covered by this contract as long as the plan continues to be allowed by the IRS.
IRS 125 Plan. D. The Board will continue its present practice of deducting taxes for out of state residents and forwarding same to the appropriate state authority. This applies only to West Virginia, Kentucky, and Ohio.
IRS 125 Plan. Each teacher covered by this agreement shall have the option of participating in an IRS Section 125 Flexible Benefit Plan. The administration and participation costs of this benefit shall be paid for by the Board of Education. This fund will be administered according to the law. All payroll deductions will be deposited into the proper bank account in a timely fashion.
IRS 125 Plan. A. Section 125 of the Internal Revenue Code allows Teaching Staff Members to obtain certain selected fringe benefits with pretax dollars.
IRS 125 Plan. Benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to all members of the Union at the same time that the benefits are offered to the certified staff. The benefit package will be the same for both certified and support staff.
IRS 125 Plan. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to all teachers. An amount may be set aside under Section 125 of the Internal Revenue Code to cover the amount paid for eligible expenses which include: Part A: Insurance premiums Part B: Medical spending account Part C: Dependent care account
IRS 125 Plan. A Section 125 Plan allowing for the sheltering of the employee's portion of the premium paid by him/her qualifying insurance and dependent daycare shall be available to members of the bargaining unit. The expanded plan shall be offered with a minimum allocation per year equal to that of IRS limits The implementation of the plan is conditioned on each of the following:
IRS 125 Plan. The School District shall provide a Section 125 Plan under the Internal Revenue Code for eligible Educational Support Professionals in the District, to be utilized at the employee’s option. Eligibility is determined according to the District’s Section 125 Flexible Spending Plan.
IRS 125 Plan. The City has an IRS 125 Plan that is available to City Employees. The City agrees to maintain the IRS 125 Plan during the term of the contract in accordance with IRS regulations and as long as the IRS allows for such plan.
