Flexible Benefit Allowance Sample Clauses
Flexible Benefit Allowance. The District agrees to provide a Flexible Benefit Allowance to all full-time employees eligible to participate in District sponsored health and welfare benefits. Receipt of any Flexible Benefit Allowance under this Section shall be in addition to any employer contribution that is provided under Section 12.2 above. The Flexible Benefit Allowance may only be used for health-related benefits and may not be received as cash. The Flexible Benefit Allowance provided to a full-time employee shall be as follows: Employee Only = $1,000 per month Employee +1 = $1,500 per month Employee + 2 or more = $2,000 per month A full month’s café contribution will be paid for each month the employee is eligible for a healthcare plan through the District. As benefits are currently paid a month in advance, this would include the first and last month of employment. This does not include time in which an employee is in unpaid status or is eligible for COBRA benefits. The District’s total maximum contribution towards medical premiums for eligible part-time employees shall be pro-rated based on the number of hours per week the part-time employee is assigned to work. For ACA purposes, the initial measurement period shall be the first 90 days of employment. Employees averaging above 30 hours of employment, shall be offered health benefits in accordance with law and pro-rated on their percentage of full-time employment. In the event premiums and/or costs for the benefits selected by the employee exceed the amount in the Health Benefits Allowance, the balance will be paid by the employee through automatic pretax payroll deduction, as allowed under Internal Revenue Code Section 125. Health Benefit Allowance amounts not exhausted for the purchase of benefits under the Alternative Benefits and Compensation Plan will be paid to the employee in taxable cash or the employee may choose to allocate said monthly sum toward, life insurance, Flex Spending Dependent Care, Flex Spending Medical, Flex Spending Commuter Benefits, and other benefits specified in the program. If a regular employee and/or the employee’s dependent(s) are eligible for and elect to receive medical insurance through another non-District employer-sponsored or association medical plan, the employee may choose to waive his/her right to the District’s medical insurance. No cash payments will be made to the employee for waiving coverage. The employee must provide proof of their coverage under another health plan or will be automa...
Flexible Benefit Allowance. 124. The City shall contribute, at the represented attorney's option, either $225 per month to each covered represented attorney participating in the City’s 125 Cafeteria Plan or $210 per month to each covered represented attorney as a direct payment for individual benefit options.
Flexible Benefit Allowance. Oklahoma state law provides for the distribution of Flexible Benefit Allowance payments to public school employees pursuant to 70 O.S. § 26-105. The Board of Juvenile Affairs (▇▇▇) and the Sponsor agree that ▇▇▇ employees assigned to the Charter School will be classified as state employees and receive compensation for the cost of health benefits from the State of Oklahoma, and as such, shall not be qualified to receive the FBA from the OSDE .
Flexible Benefit Allowance. The District agrees to provide a Flexible Benefit Allowance to all full-time employees eligible to participate in District sponsored health and welfare benefits. Receipt of any Flexible Benefit Allowance under this Section shall be in addition to any employer contribution that is provided under Section 12.2 above. The Flexible Benefit Allowance provided to a full-time employee shall be as follows: For the term of this MOU the District agrees to contribute an amount equivalent to 90% of the Kaiser Bay Area family rate, however, such contribution shall not exceed the amount of $2,000 per month during the term of this MOU. Part-time employees will receive a pro-rated contribution to the flexible benefits program. Any Flexible Benefit Allowance provided for under this Section can only be used by an employee in accordance with the provisions of the District’s Cafeteria Plan. Employees shall be responsible for paying any difference between the costs of selected benefits and the Flexible Benefit Allowance provided by the District. It is understood by the parties that the matter of employee use of the flexible benefit/cafeteria plan monies provided for in this section is still under discussion, affects not just the AFSCME unit members but all District employees, and cannot be resolved before the execution of this agreement. Accordingly, notwithstanding the parties’ execution of this agreement, the parties agree that AFSCME shall be an equal party with other groups in the subsequent discussion/meet and confer process on this matter, and that any District resolution of this issue shall be applied to AFSCME unit members on terms no less favorable than applied to all other District employees.
Flexible Benefit Allowance. The District agrees to provide a Flexible Benefit Allowance to all full-time employees eligible to participate in District sponsored health and welfare benefits. Receipt of any Flexible Benefit Allowance under this Section shall be in addition to any employer contribution that is provided under Section 12.2 above. The Flexible Benefit Allowance may only be used for health-related benefits and may not be received as cash. The Flexible Benefit Allowance provided to a full-time employee shall be as follows: For the term of this MOU the District agrees to contribute an amount equivalent to 90% of the Kaiser Bay Area family rate, however, such contribution shall not exceed the amount of $2,000 per month during the term of this MOU. A full month’s café contribution will be paid for each month the employee is eligible for a healthcare plan through the District. As benefits are currently paid a month in advance, this would include the first and last month of employment. This does not include time in which an employee is in unpaid status or is eligible for COBRA benefits. The District’s total maximum contribution towards medical premiums for eligible pPart- time employees shall be will receive a pro-rated based on the number of hours per week the part-time employee is assigned to workcontribution to the flexible benefits program. For ACA purposes, the initial measurement period shall be the first 90 days of employment. Employees averaging above 30 hours of employment, shall be offered health benefits in accordance with law and pro-rated on their percentage of full-time employment. In the event premiums and/or costs for the benefits selected by the employee exceed the amount in the Health Benefits Allowance, the balance will be paid by the employee through automatic pretax payroll deduction, as allowed under Internal Revenue Code Section 125. Health Benefit Allowance amounts not exhausted for the purchase of benefits under the Alternative Benefits and Compensation Plan will be paid to the employee in taxable cash or the employee may choose to allocate said monthly sum toward, life insurance, Flex Spending Dependent Care, Flex Spending Medical, Flex Spending Commuter Benefits, and other benefits specified in the program.Any Flexible Benefit Allowance provided for under this Section can only be used by an employee in accordance with the provisions of the District’s Cafeteria Plan. Employees shall be responsible for paying any difference between the costs of selected b...
Flexible Benefit Allowance. Separate and apart from the County’s contribution for medical coverage provided under section 6.4.1.2, the County shall make available to each employee a cash option amount. This amount may be applied toward the employee’s cost of any and all qualified non-taxable benefits under the County’s IRS Section 125 Plan or taken by the employee as cash. Use of this flexible benefit allowance must be elected by each participating employee in the manner required by the County’s Section 125 Plan. The cash option amount for employees shall be as follows: Effective 12/1/2024 Effective 12/1/2025 Participant $1,474.00 $1,474.00 Effective upon Board of Supervisors approval of the new MOU, the following modifications are made to the Flexible Benefit Allowance as outlined in Section ▇.▇.▇.▇:
Flexible Benefit Allowance. (FBA) for Major Medical - Teachers enrolled in the District's Health Insurance Plan shall receive from the state FBA for a major medical payment of $640.28 per month through December 31, 2023 (F1) and $679.62 per month beginning January 1, 2024 (F2). Any excess FBA over the cost of the major medical coverage can be used to purchase additional benefits or may be taken as a taxable compensation. No employee shall receive an FBA payment less than provided by state law.