5.3. ERMUSR 02-09-2010 - Laserfiche WebLink

Home Browse Search

rule that Elections are irrevocable (e.g., corrections of mistakes, changes to meet nondiscrimination Deleted: requirements).¶ A Participant entitled to make a new Election under this Section must do so within thirty (30) days of the event. An Employee who is eligible to elect benefits but declined to do so during the initial Election period, or during a subsequent Election period, may file a new Election within thirty (30) days of the occurrence of an event described above, but only if the new Election is made on account of and corresponds with the event. Subject to the provisions of the underlying group health plan, Elections made to add medical coverage for a newborn or newly adopted child pursuant to a HIPAA special enrollment right may be retroactive for up to thirty Deleted: Dependent (30) days. All other new Elections shall be effective prospectively immediately following the date the Participant files the new Election with the Plan Administrator. Elections made pursuant to this Section shall be effective for the balance of the Plan Year in which the Election is made unless a subsequent event (described above) allows a further Election change. Deleted: ¶ 5.4 Rehire and Eligibility Loss. Termination of employment shall automatically revoke any For purposes of Section 5.3, [he term " " E2CtI0n. PdrtlClpdnt5 Who are rehired: shall mean an individual who is a Dependent "dependent" under Section 152 of the Code, determined without regard to subsections After thirty (30) days following a termination of employment, shall have two "periods of (b)(I), (b)(z), and (d)(1)(B) tnereor.¶ coverage;" that period prior to the termination of employment and that period following Deleted: except as otnerwise limited by the re-employment of the terminated Employee. Expenses incurred prior to the applicable Optional Benefits, former termination of employment shall be subject to the Election in effect upon termination; Deleted: (a) while the Employee shall have an opportunity to make a new Election and expenses incurred after re-employment shall be subject to the Election made upon re-employment. Within thirty (30) days following a termination of employment, shall have the Election in Deleted: (b) effect prior to the termination of employment reinstated upon re-employment. 5.5 Benefit Descriptions. While an Election to receive one or more of the Optional Benefits may Deleted: (if any), be made under this Plan, the benefits themselves may be provided in accordance with Plan Deleted: The documents or contracts which describe the types and amounts of benefits available, the requirements for participation, procedures for submitting claims, and the other terms and Deleted: Administrator conditions of coverage. Such underlying Plan documents or contracts, if any, are incorporated Deleted: use such forfeited amounts into this Plan by reference. Deleted: Plan. To the extent forfeited Deleted: remain, the Plan Administrator shall 5.6 Forfeiture. Any amounts, whether obtained through salary reduction, salary deduction, arrange Employer Contributions or otherwise, under this Plan which cannot be distributed by the Plan Deleted: provision of a benefit for Administrator to cover the cost of Benefits for the applicable Plan Year, shall be forfeited by the Participant. Plan may Deleted: broad cross section of to defray the reasonable administrative costs Of the Deleted: of the same type as the benefit which amounts for the resulted in the forfeitures. d Participants Deleted: will be "currently available" (as Under no circumstances shall the Plan Administrator establish an Outside defned in Internal Revenue Service proposed or formal or informal arran ement under which the forfeited amounts 9 anal regulations) to the Participant wno experienced the forfeiture. This forfeiture requirement shall be applied separately for each Optional Benefit. 5.7 Limitations on Benefits. Benefits shall be limited the Plan Administrator Deleted: in a manner which will prevent the With Plan from discriminating in favor of Highly Or Compensated Individuals as to eligibility to participate and Highly Compensated Pamcipants as to contributions and benefits. As provided in Section 6.13, Deleted: shall determine the manner of adjusting eligibility, benefits, and contributions, if necessary, and may do so Deleted: without [he consent of such Participants. © 2009 Hitesman & Associates, P.A. 13 Elk River Municipal Utilities Flexible Benefts Plan (No. 8.0.0.0)