Section 14-52-20 - Participation; compensation reduction agreement(a) To participate in the plan, an eligible employee shall submit a completed compensation reduction agreement to the third-party administrator before the close of the enrollment period for each plan year or within ninety days of becoming eligible. The compensation reduction agreement shall be provided by the third-party administrator.(b) In the compensation reduction agreement, the eligible employee shall provide the following:(1) The eligible employee's name, address, and social security number;(2) Each type of benefit or spending account selected;(3) The amount of pre-tax compensation the eligible employee wishes to contribute during the period covered by the compensation reduction agreement; provided that: (A) The maximum amount of contributions shall be subject to the reimbursement limitations specified in section 14-52-22; and(B) Except as otherwise provided in this chapter or law, the pre-tax compensation contribution shall be made by payroll reduction;(4) Whether the eligible employee wants the reimbursement amount deposited in a checking or savings account, or sent by check to the eligible employee's address and, in the case of a medical expense reimbursement spending account, whether the employee instead prefers the option of having a debit card; and(5) Any other information reasonably required by the director or third-party administrator.(c) Participation in the plan shall commence on the first day of the next plan year for compensation reduction agreements received and approved during the enrollment period.(d) Participation in the plan during the plan year for newly eligible employees shall commence on the first day of the month following the third-party administrator's receipt and approval of the compensation reduction agreement; provided that the compensation reduction agreement is received by the third-party administrator within ninety days of becoming eligible.(e) By becoming a participant, each eligible employee agrees to make the monthly contribution specified in the compensation reduction agreement, pay the monthly administration fee, and abide by the provisions of the plan.[Eff SEP 13 1999] (Auth: HRS § 78-61) (Imp: HRS § 78-61)[Am and comp 12/2/2021] (Auth: HRS § 78-30) (Imp: HRS § 78- 30)