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R92-18 APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
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R92-18 APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
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7/25/2016 11:08:35 AM
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Resolution/Ordinance
Res Ord Num
R92-18
Res Ord Title
APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
Approved Date
2/17/1992
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a ., � y � , <br /> t ► <br /> VIII.Ad�ustment to Charges <br /> A. In the event there is a change in the Plan of benefits <br /> or the services provided, FDL shall have the right to <br /> adjust the fees. Such adjustment will be effective on <br /> the date the Plan change takes effect, provided that <br /> such adjustment has been agreed to in writing by the <br /> Plan Sponsor. <br /> B. The fee may also be adjusted by FDL to reflect an <br /> increase in a tax or charge incurred by FDL by reason <br /> of any of the following: <br /> 1. A ruling, or other determination by an insurance <br /> department having jurisdiction, to the effect that <br /> either the fees or the amount paid as benefits in <br /> accordance with the provision of the Plan, or <br /> both, is an insurance premium and subject to the <br /> premium tax provisions of the applicable statutes. <br /> The provisions of this Section shall apply <br /> retroactively to any prior period with respect to <br /> which FDL is required to pay a premium tax on such <br /> Service Fee or amount paid as benefits. <br /> 2 . A change in the charges imposed on FDL by any <br /> other public body. Any such adjustment will be <br /> effective on the date such expense is incurred by <br /> . <br /> FDL. <br /> IX. Termination of Agreement <br /> A. This Agreement shall terminate immediately as of the <br /> earliest of the following dates: <br /> 1. As of the date of termination or discontinuance of <br /> the FSA, as specified to FDL by the Plan Sponsor. <br />
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