When is an employee eligible to join the POP plan?
A. Employees are eligible to participate in the Plan when they become eligible to participate in the insurance benefit plans sponsored by the employer. Q. Who makes contributions to the Plan? A. All contributions are made the employer. Employees will enter into a compensation reduction agreement with the employer reducing compensation by the amount of premiums. The money from the reduction is then used by the employer to pay the premiums. Q. How much compensation can be redirected? A. The amount of compensation that can be redirected is equal to the cost of each benefit. The amount will be adjusted automatically if there is a change in that cost. Q. What is the deadline to elect the benefits? A. Each election form should be completed and returned to the payroll department before the start of the Plan Year for which the compensation redirection agreement will apply. Q. What happens if completed election form is not returned to the Payroll Department by the deadline? A. If an election fo
