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HomeMy WebLinkAbout6259 RESOLUTION NO. 6259 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, AMENDING THE CITY OF ARCADIA'S PREMIUM ONLY PLAN (INTERNAL REVENUE CODE SECTION 125) AND DEPENDENT CARE SPENDING ACCOUNT PLAN (INTERNAL REVENUE CODE SECTION 129) DOCUMENTS AND IMPLEMENTING THE CITY OF ARCADIA'S HEALTH CARE SPENDING ACCOUNT PLAN WHEREAS, the City of Arcadia's Internal Revenue Code ("IRC") Section 125 Plan and IRC Section 129 Plan were originally implement(:d on January I, 1991; and WHEREAS, on March 23, 2000 and January 10, 2001, the Internal Revenue Service adopted IRC Section 125 and Section 129 regulations modifYing the administration of Section 125 Plans and Section 129 Plans; and WHEREAS, the City of Arcadia has updated its plan documents for the City's Section 125 Plan and Section 129 Plan in accordance with Internal Revenue Service regulations; and WHEREAS, the City of Arcadia desin:s and intends to implement a Health Care Spending Account Plan as described in IRC Section 105 (h); and WHEREAS, a Health Care Spending Account allows employees to be reimbursed for health care expenses not covered by their health insurance plans, such as co-payments, deductibles, eyeglasses, etc., and employees would be allowed divert unused flex dollars or make pre-tax contributions to a Health Care Spending Account at the beginning of the plan year for a 12 month period. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS: SECTION 1. That the amendments to the City of Arcadia's Section 125 Plan and Section 129 Plan, as on file with the Human Resources Office, are adopted, to become effective September I, 2001. I 6259 SECTION 2. That the City of Arcadia adopts and implements the City of Arcadia's Health Care Spending Account Plan, to become effective January 1,2002. SECTION 3. That the City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 2 1st day of Augus t , 2001. A TIEST: ~(- A1 o;J~ . Clerk " APPROVED AS TO FORM: ~~P.~ City Attorney 2 6259 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 6259 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 21 st day of August, 2001 and that said Resolution was adopted by the following vote, to wit: AYES: Councilmember Chandler, Chang, Kovacic, Marshall and Segal NOES: None ABSENT: None ~ 3 6259