HomeMy WebLinkAbout2013-199RESOLUTION 2013 -199
ACTION TAKEN AND RESOLUTION ADOPTED BY CONSENT
OF
CITY OF STILLWATER
The undersigned, being representatives and /or officers of CITY OF
STILLWATER (the "Employer "), hereby adopt the following Resolution by
unanimous consent and direct that this Consent Resolution be entered in the
minute books of the Employer.
WHEREAS, the Employer previously adopted a Code Section 125 plan, also
known as the Cafeteria Plan, (the "Plan ");
WHEREAS, effective immediately, Internal Revenue Service Notice 2013 -71 (the
"Notice ") modified the "use -or- lose" rule for health flexible spending
arrangements (FSAs) to allow, at the plan sponsor's option, employees
participating in health FSAs to carry over up to five hundred dollars ($500.00)
of unused amounts remaining at year -end; and
WHEREAS, effective [12/01/2013] the Employer desires to amend the Plan as
set forth in the attached Amendment and Summary of Material Modifications to
make changes to allow employees a carryover of up to $500.00 to the flexible
spending account, consistent with the requirements set forth in the Notice.
NOW, THEREFORE, BE IT RESOLVED that the Employer has hereby reviewed
the attached Amendment and Summary of Material Modifications and does
hereby approve the adoption of the Amendment as set forth therein;
BE IT FURTHER RESOLVED that the officers of the Employer are authorized
and directed to take any and all acti ay be necessary to effectuate this
Resolution.
By Date �a' 25
By 1�.45 Date //.�;k
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