Flexible Benefits Plan and Effective Dates

The Flexible Benefits Plan offered under the Internal Revenue Service (IRS) 125 regulations allows employee benefit contributions to be made on a pre-tax basis. The plan includes options for medical, dental, life, long-term disability insurance, and Flexible Spending Accounts.

  • Flexible benefits are effective on the 1st of the month following date of hire, provided enrollment is completed within 30 days of the hire date 

  • If enrollment is completed between the 31st and 60th day, benefits are effective the first day of the month following completion of enrollment

  • If you fail to meet the enrollment deadlines as noted above, you will have no election for medical and dental insurance. You will be enrolled in the 1.5 times life insurance/AD&D and the 60% long term disability option

  • You would be able to make changes to your elections during the next open enrollment period and/or if you experience a qualifying life event as defined by the IRS

This page last updated Wednesday, March 22, 2017. For information on the adoption and effective dates of policies please see explanation on the OLPM Main Menu.