96-8339r
14
RESOLUTION NO. 8339
RESOLUTION APPROVING UPDATE AND INCREASE
TO THE CITY OF RICHFIELD HEALTH CARE AND DEPENDENT DAY CARE
EXPENSE REIMBURSEMENT PLAN (FLEXIBLE SPENDING ACCOUNTS)
WHEREAS, the City Council approves the benefits for City of Richfield
employees; and
WHEREAS, the City of Richfield offers Flexible Spending Account benefits to its
full-time and regular part-time groups of employees; and
WHEREAS, it is the City's duty to review the Plan document approximately every
five years; and
WHEREAS, the Plan has been updated to reflect current law; and
WHEREAS, the Plan has been updated to allow employees to make greater use
of the benefit by increasing the maximum health care reimbursement from $2,000 to
$3,000 annually and by extending the reimbursement claim deadline from February 15
to March 31 after the Plan year.
NOW, THEREFORE, BE IT RESOLVED that the City of Richfield Health Care
and Dependent Day Care Expense Reimbursement Plan is adopted and that any
proper members of the City Council are hereby authorized to make such contributions
from the funds of the City as are necessary to carry out provisions of said Plan at any
time, and that in the event that 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 by the City Council of the City of Richfield, Minnesota this 22nd day of
April, 1996.
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Martin J. Kirsc yor
ATTEST:
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Thomas P. Ferber, City Clerk --