HomeMy WebLinkAbout96-20 RESOLUTION 96-20
RESOLUTION ADOPTING A FLEXIBLE BENEFITS PLAN
UNDER SECTION 125 OF THE INTERNAL REVENUE CODE
MOTION BY:
M~tder SECOND BY: Kedrowski
WHEREAS,
Section 125 of the Internal Revenue Code allows the City to establish a
Flexible Benefits Plan; and
WHEREAS, The City does not presently have such a plan; and
WHEREAS,
Such a plan allows City employees to pay certain eligible expenses such as
health, dental, disability premiums, day care expenses, co-pays for
prescriptions and the like through pre-tax rather than post-tax dollars saving
the employee and City certain costs.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
that the City hereby adopts the Flexible Benefits Plan (consisting of the Flexible Benefits Plan
document, the Adoption Agreement, and component benefit plans and policies for the City of
Prior Lake) effective March 1, 1996.
BE IT FURTHER RESOLVED that the City Manager of the City of Prior Lake is hereby
authorized to execute the Adoption Agreement and any related documents or amendments which
may be necessary or appropriate to adopt the plan or maintain its compliance with applicable
federal, state and local law.
Passed and adopted this 20th day of February, 1996.
{Seal}
YES
Andren X Andren
Greenfield Absent Greenfield
Kedrowski X Kedrowski
Mader X Mader
Schenck
NO
Absent Schenck /~_
City Manage/r~ // i/
City of P~
RES9620.DOC
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER