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HomeMy WebLinkAbout2017-129 Council ResolutionCITY OF LINO LAKES .-� RESOLUTION NO. 17-129 RESOLUTION AMENDING THE CITY OF LINO LAKES FLEXIBLE SPENDING ACCOUNTS PLAN WHEREAS, the plan was adopted per Resolution No. 78-90 with the effective date of January 1, 1991, and WHEREAS, the plan was amended and restated per Resolution No. 95-156 with an effective date of January 1, 1996, and again per Resolution No. 00-119 with an effective date of January 1, 2001, and again per Resolution No. 03-07 with an effective date of January 1, 2003, and again per Resolution No. 05-181 with an effective date of January 1, 2006, and again per Resolution No. 07-204 with an effective date of January 1, 2008, and again per Resolution No. 11-13, with an effective date of December 31, 2010, and again per Resolution No. 13-136, with an effective date of January 1, 2014, and again per Resolution No. 14-157, with an effective date of January 1, 2015, and again per Resolution No. 16-156, with an effective date of January 1, 2017, and WHEREAS, the City of Lino Lakes wishes to amend the plan document effective January 1, 2018, to indicate that the maximum amount for Medical (out of pocket expenses) is consistent with IRS limits. NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Lino Lakes that: 1. The City of Lino Lakes Flexible Spending Accounts Plan be amended and adopted in the form presented to the City Council effective as of January 1, 2018. Adopted by the Council of the City of Lino Lakes this 13th day of November, 2017. The motion for the adoption of the foregoing resolution was introduced by Council Member Maher and was duly seconded by Council Member Kusterman and upon vote being taken thereon, the following voted in favor thereof: Maher, Kusterman, The following voted against same: none Ju ie artell, Cit, Cler Manthey, Rafferty, Reinert Jeff Rei ert, Mayor STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION CONSENT AGENDA ITEM lE Karissa Bartholomew, Human Resources Manager November 13, 2017 Resolution No. 17-129 Resolution Amending the City of Lino Lakes Flexible Spending Accounts Plan 3/5 The Council is being asked to amend the City of Lino Lakes Flexible Spending Accounts Plan effective January 1, 2018. BACKGROUND: It is recommended that the City's Flexible Spending Accounts Plan be amended to state the maximum contribution for Medical (out of pocket) expenses is consistent with IRS limits. Currently, the plan's maximum contribution is indicated as a dollar amount and is being amended each year the IRS increases contribution limits. RECOMMENDATION: Approve the change to the City's Flexible Spending Accounts Plan effective January 1, 2018.