Section 125 Flexible Benefit Plan. There will be an IRS Section 125 Plan (“Plan”) made available for Employees covered by this Agreement. The summary of benefits can be found on the District’s website. That Plan will provide as follows:
Section 125 Flexible Benefit Plan. The District shall offer an IRS Section 125 Flexible Benefit Plan to all faculty members.
Section 125 Flexible Benefit Plan. 20-1 Premium Conversion - Payments made by Teachers for their share of insurance premiums shall be taken from gross wages before tax rather than net wages after tax.
Section 125 Flexible Benefit Plan. Effective January 1, 2018, and for each calendar year for the duration of the contract, the Board shall make available two additional benefits that may be elected under the Cafeteria Plan that will be subject to IRS rules governing benefits.
Section 125 Flexible Benefit Plan. The North East School District shall establish a Section 125 Flexible Benefit Plan in accordance with the provisions of Section 125 of the Internal Revenue Code. Employees may voluntarily participate in a Flexible Spending Account to pay for dependent care and unreimbursed medical expenses in accordance with the provisions of Section 125 of the Internal Revenue Code. North East School District will establish a payroll deduction slot for the District selected Third Party Administrator of the Section 125 Flexible Benefit Plan. An employee may elect to withdraw or enroll from the plan on a yearly basis at times approved by the District, the plan administrator and the Internal Revenue Code.
Section 125 Flexible Benefit Plan. Section 125 Flexible Benefit Plans will be offered to all bargaining unit members on a yearly basis in compliance with Internal Revenue Service regulations. The Administration shall assure this option through payroll deduction.
Section 125 Flexible Benefit Plan. The College shall provide each faculty member the opportunity to participate in an IRS Section 125 Flexible Benefit Plan, premium conversion and flexible benefits of dependent care and non-reimbursed medical costs, provided that administrative costs related to such plan, including, but not limited to start-up costs, user costs and assessment costs, are not borne by the College.
Section 125 Flexible Benefit Plan. The District offers to qualified employees an Internal Revenue Code (IRC) Section 125 Flexible Benefit Plan which allows employers to structure benefit plans to provide options to its employees. The District offers employees participation in its IRC 125 Plan for payment of certain out-of-pocket expenses which may include expenses under health care and dependent care assistance. It is understood that the District has made no representation regarding tax or other consequences of the IRC 125 Plan with regard to any particular employee or group of employees. Any questions by any employee should be directed to their personal financial, legal or tax advisor.
Section 125 Flexible Benefit Plan. 29 A Section 125 Flexible Benefit Plan shall be made available to employees covered by the agreement. 30 The provider of such plan may change from time to time, however, whenever that occurs, the Union 31 and the employees shall be advised of such change and shall be provided with all information 32 concerning the plan provided by the new provider. 33 34 35 ARTICLE XIV 36 37 PROFESSIONAL DEVELOPMENT 38
Section 125 Flexible Benefit Plan. The District shall implement a §125 Internal Revenue Code Flexible Benefit Plan to include all health-related costs (e.g., deductibles, co-pays, prescriptions, etc.) at no cost to the School District, through a third party administrator, as selected by the District with prior input from the RTA.
