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RES 13-76
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RES 13-76
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Last modified
12/30/2013 10:09:00 AM
Creation date
12/18/2013 9:32:36 AM
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City Government
type
RES
date
12/16/2013
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i <br /> f <br /> f+ <br />{ <br /> ARTICLE I. <br /> INTRODUCTION <br /> 1.1 Establishment. City of Elk River (hereinafter the "Employer's hereby amends and restates the <br /> City of Elk River Flexible Benefits Plan (the "Plan"). Except as otherwise provided herein, this <br /> amendment and restatement of the Plan is effective January 1, 2013. <br /> 1.2 Purpose. The purpose of the Plan is to provide Participants with a choice between cash and <br /> certain "qualified benefits" as defined in Section 125 of the Code. [See Illustration 1 on Page 1 <br /> of this Plan.] The Plan is intended to qualify as a "cafeteria plan" under Section 125 of the Code <br /> so that Optional Benefits a Participant elects to receive under the Plan will be eligible for <br /> exclusion from the Participant's gross income to the fullest extent possible under the Code. <br /> 1.3 HIPAA Privacy and Security Rules. Portions of this Plan are "covered entities" for purposes <br /> of the Privacy Rules and the Security Rules. <br /> 1.4 Gender and Number. Pronoun references in this Plan shall be deemed to be of any gender <br /> relevant to the context, and words used in the singular may also include the plural. <br /> 1.5 Not ERISA Plan. This Plan is not an employee welfare plan for purposes of ERISA because the <br /> Plan is a governmental plan within the meaning of Act. Sec. 3 (32) of ERISA. Any resemblance <br /> of the Plan to an ERISA plan shall not bind the Plan to comply with ERISA. <br /> ©2012 Hitesman&Wold, P.A. 2 City of Elk River <br /> Flexible Benefits Plan <br />
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