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Flex Spending Accounts
- Employee elects an annual amount to contribute to the Medical or Dependent Care Flexible Spending Accounts. This amount is then deducted as pre-tax over a predetermined number of pays during the plan year.
Deductions
- Bi-Weekly Staff/Service Employees have their monthly premium deducted from the first two checks of the month for 24 pays per plan year.
- Bi-Weekly Staff/Service 9 month Employees have their monthly premium deducted from the first two checks of the month for each of their regular (not including summer) pay periods for 17 pays.
- Exempt/Faculty/Professional Fiscal Year Employees have one monthly premium deducted from each monthly check for 12 pays.
- Faculty/Professional Academic Year Employees have one monthly premium deducted from the September 15th check and each regular monthly check including May 15th for 10 pays.
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