5.4. SR 04-24-2000 - Laserfiche WebLink

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HOW THE PLAN WORKS ELIGIBILITY The Flexible Benefits Plan is effective January 1, All regular employees currently eligible for the medical plan will become eligible for the Plan on the first day of the month following one full 'month of employment. Employees who have met these eligibility requirements on the Plan's effective date may participate as of the effective date. Provided, however, that eligibility for the plan in general or for any particular feature may be altered for any individual or group pursuant to a labor agreement collectively bargained in good faith. Simply fill out and sign the. Enrollment Form, indicating the benefits you have selected. For assistance with enrollment, please see the "How to Enroll" section of this Workbook. EMPLOYER AND EMPLOYEE CONTRIBUTIONS All employees who participate in the Plan are allocated a predetermined share of Employer Contributions each month. Participating employees may also contribute additional money to the Plan on their own through regular payroll deductions. All contributions to the Plan are made on a pre-tax basis. In other words, the money goes into the Plan before federal, state and Social Security taxes are deducted. Since a dollar that is not taxed buys more than a dollar that is taxed, this increases your buying power -- giving you more money to spend on Optional Benefits. The only exception is when you purchase Supplemental Life Insurance. In this case, the federal government says that you must use after-tax dollars. SELECT YOUR BENEFITS CAREFULLY The benefits you select January 1 will remain in effect through December 31 unless you have a "change in family status." Such a change can only be caused by: Marriage or divorce, Birth or adoption of a child, Death of a spouse or child, Change in the employment status of you or your spouse, · Change in your health coverage due to your spouse's employment, or · Unpaid leave of absence. Please note: Individual benefits may have stricter requirements than the overall Flexible Benefit Plan. If you experience a "Change in Family Status," certain benefits, such as Medical Insurance, may not allow for mid year changes. Please contact ihe Personnel Department if you want to review your options following a "change in family status." This Workbook will assist you as you go about "Designing Your Benefits." Please read the matedal carefully, and be sure to ask any questions during the enrollment period.