My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CC PACKET 01102017
StAnthony
>
City Council
>
City Council Packets
>
2017
>
CC PACKET 01102017
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/5/2017 2:32:42 PM
Creation date
1/5/2017 2:29:18 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
93
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br />REQUEST FOR COUNCIL CONSIDERATION <br /> <br /> <br />Meeting Date: January 10, 2017 <br /> <br /> Resolution- Adopting a restatement of the City Of St. Anthony Flexible Benefit Plan. <br /> <br /> <br />OVERVIEW: <br />The City of St. Anthony provides employees the opportunity to pay for certain employee benefits, health <br />care costs and day care expenses on a pre- tax basis through an established Flex Benefit Plan. (the “Plan”) <br /> <br />What is a flexible benefit plan? <br />A flexible benefit plan (a.k.a., “cafeteria plan”) is a written plan maintained by an employer that allows <br />employees the option to receive certain benefits on a pre-tax basis. The written plan must specifically <br />describe all benefits and establish rules for eligibility and elections. <br /> <br />Plan Documents <br />The League of Minnesota Cities provided updated model language for Basic Plan Document that describes <br />the various benefits the city may want to consider implementing as part of a cafeteria plan. Through the <br />Model Adoption Agreement, cities select the appropriate benefits they want to offer to employees through <br />the flexible benefit plan and establish other plan rules specific to their own city. The Basic Plan Document <br />and the Adoption Agreement together constitute "the Plan." <br /> <br />Restatement of the Plan <br />The model language provided by the League of Minnesota Cities was written to ensure cities comply with <br />the Flexible Benefit Plan Rules and Regulations. Given that the last restatement of the City of St. Anthony <br />Flex Benefit Plan was adopted in 2001, a total restatement was a more practical approach than attempting <br />to “red-line” changes. <br /> <br />It is permissible for cities to indicate they may offer benefits that are not currently offered to staff in the <br />Plan. This allows for changes in benefit offerings without the need to amend or restate the plan each time. <br />As a result, no changes to the benefits currently offered to eligible staff were made in the restatement. <br /> <br />15
The URL can be used to link to this page
Your browser does not support the video tag.