Common use of Section 125 Administration Clause in Contracts

Section 125 Administration. The District will maintain without cost to the Union a qualified Section 125 Plan. The plan will offer qualifying Employees an option to select salary reduction, premium conversion, medical reimbursement, dependent care, and/or cash payment in lieu of health care coverage. Any eligible custodial maintenance, custodial Employee or secretary not electing health insurance protection will have One Hundred and No/100 ($100.00) Dollars per month applied toward the plan.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement