Section 125 Flexible Spending Plan. The School District will provide a Section 125 Plan under the Internal Revenue code for all employees.
Section 125 Flexible Spending Plan. The District will provide a Section 125 Plan (FSA) under the Internal Revenue code for all employees. Subd. 1. Description: The Section 125 Plan (Flexible Spending Plan FSA) offered by the District is a plan established to provide a way to save money on costs for medical and dependent care expenses. The three components allow payment for health insurance premiums, certain out-of-pocket health care expenses, and dependent care expenses with pre-tax dollars. It is a salary reduction plan permitting participants to choose among more than one benefit. It is classified as a “Cafeteria Plan” for federal income tax purposes.
Section 125 Flexible Spending Plan. A section 125 Flexible Spending Plan will be continued for the term of the contract.
Section 125 Flexible Spending Plan. The School District will provide a Section 125 Flexible Spending Plan under the Internal Revenue code for all employees as defined in Article 7, Section 2. Subd. 1. The Section 125 Plan will be available to both active and retired staff.
Section 125 Flexible Spending Plan. The District shall make available to the members of the association, a Section 125 plan providing for a medical flexible spending and a dependent care flexible spending account with a maximum annual limitation on the amount of contributions and benefits as established by the Internal Revenue Service. The District will implement a flexible spending account at such time as the District is able to offer such flexible spending accounts to a non-discriminatory group of employees (within the meaning of the tax laws). SECTION 1620 STUDENT INSURANCE PROGRAM Management Team members may usually enroll and be insured through the Student Insurance Program that is offered each fall at the opening of school. Information regarding this type of coverage is distributed by each principal in the buildings.
Section 125 Flexible Spending Plan. The School District will provide a Section 125 Plan under the Internal Revenue code. This plan will be available to all employees. The Section 125 Plan (Flexible Spending Plan) offered by the School District is a plan established to provide a way to save money on costs for medical and dependent care expenses. The three accounts allow payment for health insurance premiums, certain out-of-pocket health care expenses, and dependent care expenses with pre-tax dollars. It is a salary reduction plan permitting participants to choose among more than one benefit. It is classified as a “Cafeteria Plan” for federal income tax purposes. The plan year will commence July 1st through June 30th. There are three (3) components to the plan:
Section 125 Flexible Spending Plan. The District will provide a Section 125 Benefits Plan to the extent permitted by the Internal Revenue Code.
Section 125 Flexible Spending Plan. The District shall provide a Section 125 Flexible Spending Plan under the Internal Revenue code for all licensed staff.
Section 125 Flexible Spending Plan. The Committee shall offer members of the bargaining unit the opportunity to participate in a “Section 125 Flexible Spending Plan” with a cap of $5,000 for dependent care and a cap of $5,000 for medical care, such plan to be in accordance with applicable Internal Revenue Service regulations.
Section 125 Flexible Spending Plan. Employees may participate in the flexible spending plan established by the Employer to pay certain covered expenses. The specific terms and conditions governing this program are set forth in detail in the summary description of this plan.
