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HomeMy WebLinkAboutCC RES 03-096 A RESOLUTION APPROVING AND ADOPTING CHANGE TO THE CITY OF ST. ANTHONY FLEXIBLE BENEFIT PLAN Meeting Sheet IIIIII VIII VIII VIII VIII VIII IIII IIII ioasas Box: 31 Folder: RES 2003 Document: CC RES 03-096 A RESOLUTION APPROVING AND ADOPTING CHANGE TO THE CIN OF ST. ANTHONY FLEXIBLE BENEFIT PLAN L CITY OF ST. ANTHONY VILLAGE • RESOLUTION 03-096 A RESOLUTION APPROVING AND ADOPTING CHANGE TO THE CITY OF ST. ANTHONY FLEXIBLE BENEFIT PLAN WHEREAS, the City of St. Anthony previously adopted the City of St. Anthony Flexible Benefit Plan("Plan") on January 1, 1991; and WHEREAS, the City provides employees with an opportunity to pay for certain employee benefits on a pre-tax basis through the above mentioned Plan (the"Plan"); and WHEREAS, the City of St. Anthony desires to amend and restate the Plan in the following manner: ➢ 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." ➢ Effective January 1, 2004, the provisions of the Plan reference 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. ➢ 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. NOW, THEREFORE, BE IT RESOLVED, that the City of St. Anthony Flexible Benefit Plan be the same and is amended as restated. BE IT FURTHER RESOLVED, that the 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 Amendments are hereby approved and in effect January 1, 2004. BE IT FURTHER RESOLVELD,that in the event any conflict arises between the provisions of said Plan and the Employee Retirement Income Security Act of 1974 (ERISA) or any other applicable law or regulation(as such law or regulation may be interpreted or amended), the City shall resolve such conflict in a manner which complies with ERISA or such law or regulation. Adopted this >l day of / 03. • ATTEST: City Clerk Reviewed for Administration: City Manager • MEMORANDUM DATE: July 10, 2003 TO: Mike Mornson, City Manager FROM: Roger Larson, Finance Director ITEM: MATERIAL MODIFICATION TO FLEX BENEFIT PLAN The City of St. Anthony provides employees the opportunity to pay for certain employee benefits, health care costs and day care expenses on a pre-tax basis through an established Flex Benefit Plan. Stanton Group, who administers our flex benefit program, recommends the Plan be amended to add over-the-counter drugs as reimbursable under the health insurance • language of the Plan. In addition, they revised language regards faxed claims and will enact a reimbursement minimum. The governing body must approve changes via resolution. Recommendation: Council approves resolution #30-096 amending the City of St. Anthony's Flexible Benefit Plan.