1984 - 11-05-84 Regular Meeting - Laserfiche WebLink

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n, ii AL: 6?.~ 2.11 "Plan Year" means the twelve (12) month period commen- cing on _ Julvlst and ending on June 30th The first Plan Year shall commence on November 5. 1984 . 2.12 "Year of Employment" means the number of years, in- cluding fractional portions thereof, elapsed since the first date for which the employee was paid, or entitled to payment, for the performance of dutes for the County; provided, how- ever, that if an Employee incurs a one Year Break in Employ- ment, he shall not be credited with service for the period between the date of his termination of employment and the date of his reemployment with the County. ARTICLE III ELIGIBILITY 3.01 Each Employee of the County as of the effective date of the Plan shall automatically become a participant in'the Plan on that date. Each other Employee shall become a participant in the Plan on the first day of Employment. 3.02 If a Participant ceases to be an Employee, participa- tion in the Plan shall terminate, unless the Participant continues to receive compensation from the County. ARTICLE IV BENEFITS 4.01 A Participant shall be entitled to elect to have up to $116.00 per month of his compensation used by the county to provide a Taxable Benefit or to purchase or provide a Nontax able Benefit. 4.02 A Participant desiring to have a portion of his compen- sation used to provide a Taxable Benefit or to purchase or provide a Nontaxable Benefit shall submit a request to the Plan Administrator. Such request shall state: (a) the amount of Compensation which the Participant wishes the county to provide a Taxable Benefit or to purchase or provide a Nontaxable Benefit; (b) which Benefit or Benefits the Participant wishes the County to purchase or provide to him. 4.03 The request under Section 4.02 may be submitted to the Plan Administrator at any time during the Plan Year.