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As required by the Internal Revenue Service, the
salary of each employee is subject to withholdings for Federal Insurance
Contributions Act (FICA). The Board of Trustees shall
pay $500 per month towards the options available in the I.R.C.125 Cafeteria
Plan.
When a full-time employee retires from the
College after becoming sixty (60) years of age and having at least ten
(10) years of continuous full-time service with the College, he/she may
participate at the single membership level in the College sponsored group
health insurance plan with said premium paid by the College and may pay
the difference in monthly premium for a family membership in the plan
at the employee's election until he/she is sixty-five (65) years of age.
Adopted June 18, 1979
Revised June 16, 1980
Revised August 8, 1988
Revised August 14, 1989
Revised October 15, 1990
Revised June 19, 2000
Reviewed July 21, 2003
Revised July 19, 2004
Revised July 18, 2005
Revised November 19, 2007
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