02-08-1999 Council Packet - Laserfiche WebLink

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Dollars ($25.00), and by March 15 (no minimum claim) foiiowing the close of a Plan Year upon receipt no later than February 28 of a claim compiying with Plan requirements. (e) Forfeiture of Unused Benefits. If, following the final payment of reimbursement benefits for eligible expenses incurred during the Period of Coverage for any Plan Year, any amount remains In a Participant ’s Dependent Day Care Reimbursement Account for that Plan Year, tlie Participant shall forfeit such amount to the Employer, and shall have no further claim to that amount. (f) Annual Statement of Benefits. On or before January 31 of each calendar year, the Employer shall furnish to each individual who was a Participant that received benefits under paragraph 5.2.3 during the preceding calendar year, a statement of all such benefits paid to or on behalf of that Participant during the prior calendar year. (g) Separate Written Plan . For purposes of the Code, paragraph 5.2.3 shall constitute a separate written plan providing a program of dependent day care assistance. To the extent necessary, other provisions of the Plan are deemed incorporated by reference In paragraph 5.2.3. 5.2.4 Life Insurance . Payment of the employee cost of up to $50,000 of coverage under the City of Orono Life Insurance Plan. 5.2.6 Dental Coverage . Payment of the employee cost of coverage under the City of Orono Dentai Plan. Section 5.3 Taxable Cash Compensation . The amount of any Employer contribution or Pay Conversion Contributions not used by a Participant for benefits, shall be paid to the Participant as taxable cash compensation at the time the contributions constituting such Empioysr contributions or Pay Conversion Contributions