HomeMy WebLinkAboutCouncil Resolution 1345RESOLUTION NO.
A RESOLUTION ADOPTING AMENDMENT TO FLEXIBLE BENEIFTS PLAN
RECITALS:
A. the City of Central Point adopted a Flexible Benefits Plans in 2007 ;
and
B. the City's current maximum Health Care Flexible Spending Account
contribution limit is higher than $2,500, and
C. the Affordable Care Act mandates that effective January 1, 2013,
employee salary reductions to Health Care Flexible Spending
Accounts may not exceed $2,500 per year (indexed each year to
reflect any anticipated cost of living adjustments as assigned by the
IRS);
THE CITY OF CENTRAL POINT RESOLVES AS FOLLOWS: the City Council of
the City of Central Point, Oregon does hereby adopt amendment to the Flexible
Benefits Plan limiting the maximum annual employee contribution to the Health
Care Flexible Spending Account to $2,500, effective January 1, 2013 and
indexed each year to reflect any anticipated cost of living adjustments as
assigned by the IRS.
Pssed by the Council and signed by me in authentication of its passage
this �4'�\ day of November, 2012.
Mayor Hank Williams
ATT �
(
City Recorder //