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of <br />u <br />City of Elk River <br />ver City Council <br />Resolution 23-3 <br />A Resolution of the City Council of the City of Elk River to Amend and <br />Restate the City's Flexible Benefits Plan <br />WHEREAS, the City of Elk River previously adopted the City of Elk River Flexible <br />Benefits Plan ("Plan") on June 6, 1988, to permit eligible employees to elect to receive a <br />portion of their compensation as regular taxable income or as nontaxable payment of the <br />employee's premiums for employer -sponsored insurance and for reimbursement of the <br />employee's health care expenses and dependent care expenses; and <br />WHEREAS, the plan has continued in force at all times since its effective date; and <br />WHEREAS, the most recent revision and restatement of the plan was January 1, 2020; <br />and <br />WHEREAS, The City of Elk River desires to amend and restate the plan to incorporate <br />the adjustment of the maximum carryover for the Health Flexible Spending Account to the <br />maximum allowed by the IRS beginning January 1, 2023. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The City of Elk River Flexible Benefits Plan be amended and <br />restated effective January 1, 2023. <br />Passed and adopted this 3rd day of January 2023. <br />ATTEST: <br />',2 <br />Tina Allard, City Clerk <br />Wnj. Wy, <br />I <br />®�EAEI NATUAd <br />