Cash Option. Employees who are not eligible for health insurance and who do not elect health options may elect to receive cash (through a qualified IRS Section 125C Salary Reduction Plan). The amount of the cash option is determined per the “Preamble for Appendices A & C”. Employees must elect this option annually during the open enrollment period. Part-time employees receive a prorated cash option amount.
Appears in 5 contracts
Sources: Labor Agreement, Labor Agreement, Labor Agreement