HomeMy WebLinkAbout17979 - RESOLUTIONS - 11/4/1992 RESOLUTION NO. 17979
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING IRS SECTION 125 FLEXIBLE SPENDING
ACCOUNTS AND ADMINISTRATIVE SERVICES FOR THE PERIOD
1 JANUARY 1, 1993 THROUGH AUGUST 31, 1994
WHEREAS Section 125 of the Internal Revenue Code allows
for the establishment of Flexible Spending Accounts for
the payment of medical/dental insurance contributions,
medical/dental expenses and child/dependant care
expenses, pre-tax; and
WHEREAS a Task Force which consisted of representatives
from each of the City employee bargaining unit has
recommend that Colonial Life and Accident Insurance
provide optional supplemental insurance programs,
available to employees at no cost to the City; and
WHEREAS the Task Force has recommended that
BenefitAmerica, Inc provide for the monthly
y administration of the individual employee accounts, at a
cost not to exceed $3 . 00, per month, per employee, at the
employee's expense for the period January 1, 1993 through
August 31, 1994.
NOW THEREFORE BE IT RESOLVED that the City Council of the
City of Palm Springs, California does hereby approve the
following:
1. Model Plan Documents for Premium Only Accounts,
Medical Reimbursement Accounts and Dependent Care
Reimbursement Accounts;
2 . An Administration Agreement with BenefitAmerica, Inc.
_ for the monthly administration of the flexible spending
accounts at a cost not to exceed $3 . 00 per month, per
' employee, at the employee's expense for the period
January 1, 1993 through August 31, 1994 ;
3 . The City Manager is authorized to execute all
necessary documents as may be required for the
implementation of the program, in a form reviewed and
approved by the City Attorney.
APPROVED this 4th day of November , 1992.
AYES: Councilmember Hodges, Lyons, Reller, Schlendorf and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: ITY LM G CALIFORNIA
By_. J
City Clerk Ci y 14anager
REVIEWED & APPROVED _