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HomeMy WebLinkAbout06-006Resolution No. RESOLUTION AMENDING THE BUTTE COUNTY FLEXIBLE BENEFITS PLAN WHEREAS, the County of Butte (the "Employer"} previously adopted a Code Section 105 Health Care Spending Account ("HCSA"} and a Code Section 129 Dependent Care Spending Account ("DCSA"), collectively referred to as the Flexible Benefits Plan (the "Plan"}; and WHEREAS, the Internal Revenue Service issued Notice 2005-42, which permits employers to amend the Health FSA and the Dependent Care FSA to establish a grace period (the "Grace Period") not to exceed the 15~ day of the third month following the end of the Plan Year during which Plan participants may use all or a portion of the unused Health FSA and Dependent Care FSA salary reduction amounts from the prior year for eligible expenses incurred during the plan year; and WHEREAS, effective December 31, 2005, the Employer desires to amend the Plan, the Health FSA and the Dependent Care FSA to establish a grace period that is consistent with the requirements set forth in 2005-42; and WHEREAS, the undersigned officer has been authorized by the Employer to approve and adopt amendments to the Plan, the Health FSA and the Dependent Care FSA as the undersigned officer determines necessary. NOW, THEREFORE, BE IT RESOLVED that the undersigned officer hereby approves of an amendment to the Plan, the Health FSA and the Dependent Care FSA, effective December 31, 2005, that.establishes agrace period consistent with the requirements set Earth in Notice 20052; and BE IT FURTHER RESOLVED that although the undersigned officer hereby approves an amendment to the Plan, the Health FSA and the Dependent Care FSA that establishes a grace period consistent with Notice 2005-42 effective December 31, 3005, the specific and effective terms of such amendment, including but not Iimited to the scope of benefits to which the amendment applies and the length of the grace period, will be as set forth in the Summary Plan Description, or if applicable, any Summary of Material Modifications, that is approved by the undersigned officer in conjunction with this Resolution and that is consistent with Notice 2005- 42. PASSED AND ADOPTED by the Butte County Board of Supervisors this 10~` day of January 2006 by the following vote: AYES: Supervisors Connelly, Dolan, Houx, Yamaguchi and Chair Josiassen NOES: Nane ABSENT: None NOT VOTING: None UR JOSIASSEN, Chair ATTEST: PAUL MCINTOSH, Chief Administrative Officer And Clerk of the Board of Supervisors B y~~~ eputy AMENDMENT TO THE COUNTY OF BUTTE FLEXIBLE BENEFITS PLAN This Amendment to the Flexible Benefits Plan {the "Plan") is adopted by County of Butte (the "Employer"), effective as of the dates set forth herein. NOW, THEREFORE, effective as set forth below, the Plan is amended as follows: A. Effective December 31, 2005, the following provisions should be added to the end of Section 4A3: The Employer has the discretion to establish a grace period following the end of tl~e Plan Year during which amounts unused as of the end of the Plan Year may be used to reimburse Eligible Medical Expenses incurred during the grace period. In no event can the grace period exceed two {2) months and fifteen (l5} days following the end of the Plan Year. The Employer may establish aRun-out Period following tl~e end of the grace period. if adopted, all amounts allocated to the HCSA that are not used to reimburse Eligible Medical Expenses incurred during the Plan Year andlor the grace period shall be forfeited. B. Effective December 31, 2005, the following provisions should be added to the end of Section 4.04: The Employer has the discretion to establish a grace period following the end of the Plan Year during which amounts unused as of the end of the Plan Year may be used to reimburse Eligible Employment Related Expenses incwred during the grace period. [n na event can the grace period exceed two (2) months and fifteen {l5) days fallowing the end of the Plan Year. The Employer may establish a Ru~~-out Period following the end of the Plan Year. All amounts allocated to the DCSA that are not used to reimburse Eligible Employment Related Expenses incurred during the Plan year andlor the Grace Period shall be forfeited. County of Butte By: (,7F SUP~RV~~®~~ AS TO FARM ..... F3~.,, "'~ ~'~~ l2fLf ~d~ d a. ~-laUSe,, Auct~tpr qty l~m:s~ia4r~tivn e ~t~. ~~~