HomeMy WebLinkAbout2003-182 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION 03-182
RESOLUTION AMENDING THE CITY OF LINO LAKES FLEXIBLE SPENDING
ACCOUNTS PLAN
WHEREAS,
WHEREAS,
WHEREAS,
the Plan was adopted per Resolution No. 78-90 with the effective
date of January 1, 1991, and
the Plan was amended and restated per Resolution No 95-156 with
an effective date of January 1, 1996, and per Resolution No. 00-19
with an effective date of January 1, 2001 and per Resolution 03-07
with an effective date of January 1, 2003 and again per Resolution
03-50 with an effective date of April 14, 2003; and
the City of Lino Lakes provides employees with an opportunity to
pay for certain employee welfare benefits on a pre-tax basis
through the above mentioned Plan; and
WHEREAS, the city considers it desirable and in the best interests of the Plan to
make the following amendments to the Plan;
NOW, THEREFORE BE IT RESOLVED, pursuant to the authority reserved in the
Plan to allow amendments to the Plan, the Plan is amended as
follows:
1. Effective November 1, 2003, the provisions of the Plan
referencing the reimbursement procedures shall be
amended to remove the following language: "Keep in mind
that faxed claims receive priority over mailed claims. Faxed
claims received Monday through Friday by 3:00 pm, CT, will
be audited and entered that same day." and
2. Effective, January 1, 2004, the provisions of the Plan
referencing the eligibility of certain health care expenses
shall be amended to include over-the-counter drugs. This
amendment to the Plan is intended to comply with Revenue
Ruling 2003-102 issued September 3, 2003, and
3. Effective January 1, 2004, Acclaim Benefits will enact a
reimbursement minimum. This minimum is subject to
change at the discretion of the Plan and/or Acclaim Benefits.
BE IT FURTHER RESOLVED, that appropriate officers of the city are hereby
authorized and directed to execute and deliver all documents
necessary for the proper implementation of the amendment to the
Plan to ensure that the amendment hereby approved is in effect by
the above stated dates.
Adopted by the Lino Lakes City Council the 27th day of October 2003.
J n J. erg on, Mayor
Ann Blair, City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
Council Member C. and upon vote being taken thereon, the
following voted in favor thereof:
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The following voted against the same:
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Whereupon said resolution was declared duly passed and adopted.
CONSENT AGENDA ITEM 1B
STAFF ORIGINATOR: Al Rolek
MEETING DATE: October 27, 2003
TOPIC: Resolution 03-182 Amending the City of Lino Lakes
Flexible Spending Accounts Plan
VOTE REQUIRED: Simple Majority (3/5 vote)
BACKGROUND:
The City maintains a flexible spending accounts plan through which employees
may elect to pay for medical and daycare expenses using pre-tax income. From
time to time it is necessary to update our plan documents to comply with and
incorporate new regulations. It is recommended that the city's Flexible
Spending Accounts Plan be amended to include the following changes;
1. Effective November 1, 2003, the provisions of the Plan referencing
the reimbursement procedures shall be amended to remove the
following language: "Keep in mind that faxed claims receive priority
over mailed claims. Faxed claims received Monday through Friday
by 3:00 pm, CT, will be audited and entered that same day."
2. Effective, January 1, 2004, the provisions of the Plan referencing
the eligibility of certain health care expenses shall be amended to
include over-the-counter drugs. This amendment to the Plan is
intended to comply with Revenue Ruling 2003-102 issued
September 3, 2003.
3. Effective January 1, 2004, Acclaim Benefits will enact a
reimbursement minimum. This minimum is subject to change at the
discretion of the Plan and/or Acclaim Benefits.
Resolution 03-182 incorporates the above changes into the current plan
document
OPTIONS:
1. Approve Resolution 03-182
2. Deny Resolution 03-182
RECOMMENDATION:
Option 1