Salary Reduction Program. The College shall make available to members an IRS Section 125 salary reduction program for insurance premiums, and eligible non-reimbursed medical and dental care expenses. The maximum reimbursement for non-reimbursed medical and dental expenses shall be two thousand five hundred dollars ($2,500) and the maximum reimbursement for non-reimbursed dependent care shall be five thousand dollars ($5,000).
Salary Reduction Program. The Board shall make available to members an IRS Section 125 salary reduction program for insurance premiums, and eligible non-reimbursed medical and dependent care expenses. The maximum reimbursement for non-reimbursed medical expenses shall be twenty-five hundred dollars ($2,500) and the maximum reimbursement for non-reimbursed dependent care shall be five thousand dollars ($5,000).
Salary Reduction Program. For purposes of determining the Company's compensation and benefits obligations under any of the foregoing subparagraphs (a) through (d) of Section 6, any reduction in the Executive's Base Salary resulting from the officer salary reduction program implemented on January 1, 1992 shall be disregarded and the Executive's "salary of record" as in effect on December 31, 1991 shall be deemed to be in effect for the duration of the salary reduction program or, if higher, the Executive's actual annual salary.
Salary Reduction Program. The Board will offer the opportunity for employees to participate in a salary reduction agreement under Section 125. Implementation shall be subject to Internal Revenue regulations.
Salary Reduction Program. 12.11 Workers' Compensation . .
Salary Reduction Program. The Board will offer the opportunity for employees to participate in a salary reduction agreement under Section 125, including dependent care, cancer insurance, and non-reimbursed medical expenses. The Board will pay the initial set-up fees, and teachers shall pay the monthly administrative fee. The Board shall pay all costs for a Board-sponsored Employee’s Assistance Program for the term of this contract.
Salary Reduction Program. Each employee may designate a portion of their compensation for each contract year as salary reduction contributions to the extent an employee so elects to pay the employee's share of the cost of coverage under any existing Board sponsored health, medical, dental or hospitalization insurance plan for employees, eye or physical exams, eyeglasses, insurance deductibles and any amount paid for expenses of an employee for household services and/or for the care of a qualifying individual in accordance with the Skokie School District Flexible Spending Account plan and Section 125 of the Internal Revenue Code. The salary reduction contribution for an employee may be adjusted within the $5,000 limitation by the Board if there is a change in the cost of the particular type of insurance coverage selected by an employee. An employee may not change coverage during a contract year because of a change in the cost of coverage. Salary reduction contributions shall reduce the employee's compensation rate on each payday for 19 pay periods during the contract year. An employee's initial benefit election shall be made as part of their Application to Participate. Thereafter, an employee shall annually elect the programs in which they wish to participate and the dollar allocation to be made to such program for the twelve month period (September 1 through August 31) on or before September 1. An employee's benefit election for any contract year shall be irrevocable during the contract year, except that in the event that there is a change in an employee's marital status or number of dependents or there is a termination of employment of the employee's spouse, an employee shall be entitled to change their benefit election in a manner that is consistent with such change in marital, dependent or employment status, by providing written notice thereof to the Board, on a form acceptable to the Board. Any such change shall be effective for the latter of (a) the first day of the first calendar month beginning not less than thirty (30) days after the date such employee's written notice is received by the Board or (b) the first day of the first calendar month in which such change occurs. Reimbursement for employment related dependent care and/or household expenses shall occur not less than three times a year, once in February, June and October, upon submission of the original bill(s) and a photocopy of the canceled check(s) showing payment.
Salary Reduction Program. The salary reduction program implemented in the 1991-1992 contract shall remain in effect.
