AgdaPkt 2003-03-24 - Laserfiche WebLink

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(o. I E 9 4.4 Election Procedure During an "open enrollment" period specified by the City, the Administrator shall provide one or more written election forms and Salary Reduction Agreements, as the Administrator deems appropriate, to each Participant and to each other Employee who is expected to become a Participant at the beginning of the Plan Year. The election shall be effective as of the first day of the Plan Year. Each Participant who elects one or more of the Qualified Benefits described in Section 4.1 for the Plan Year, and whose City Contribution is not sufficient to cover the cost of his elected benefits, shall so specify on the appropriate election and salary reduction form or forms and shall agree to a reduction in his compensation. The amount of reduction in the Participant's compensation for the Plan Year for each Qualified Benefit shall be the amount elected by the Participant, reduced by any City Contribution allocated to a Qualified Benefit, subject to the limitations of the separate Qualified Benefits Plans. Each required election form must be completed and returned to the Administrator on or before such date as the Administrator shall specify, which date shall be no later than the last day before the beginning of the applicable Plan Year. 4.5 Current Plan Particivants The Administrator, at its option for subsequent Plan Years, shall establish election procedures to, allow current Participants in the group health care coverage plan(s) to continue the same level of benefits as were in effect immediately preceding the subsequent Plan Year, absent timely notice to the Administrator of the Participant's intent to change his election. Such an election to continue or to alter Plan benefits shall be irrevocable and not subject to change for the period specified therein except as provided for in paragraph 4.8 of this Section. 4.6 New Participants As soon as practical before an Employee becomes a Participant, the Administrator shall provide the written election form and Salary Reduction Agreements described in Section 4.3 to the Employee. If the Employee elects one or more Qualified Benefits described in Section 4.1 for the balance of the Plan Year, he shall so specify on the election forms and (if necessary) shall agree to a reduction in his salary as provided for in Section 4.3. The election forms must be completed and returned to the Administrator on or before such date as the Administrator shall specify, which date shall be no later than the beginning of the first pay period for which the Participant's Salary Reduction Agreement will apply. 4.7 Failure to Elect A Participant failing to return a completed election form for the DCAP or the MERP to the Administrator on or before the specified due date for any Plan Year shall be deemed