Agenda

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County Administrator's Report 13. 6.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/24/2015
Issue: Flexible Benefits Plan Administrative Services
From:	Thomas Turner
Department:	Human Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Flexible Benefits Plan Administrative Services - Thomas G. 'Tom" Turner, Human Resources Department Director

That the Board take the following action concerning Flexible Benefits Plan Administrative Services (PD 12-13.029):

A. Approve an Amendment to the Plan Document that enables the Plan to adjust the maximum annual contribution that may be allocated to the Health Care Flexible Spending Account for a given plan year according to the Internal Revenue Service (IRS) statutory maximum allowable contribution, indexed for each year; and

B. Authorize the County Administrator to sign the Certificate of Adopting Resolution.

[Funding Source: Fund 501, Internal Service Fund; Cost Center 150107, Object code 531301]

BACKGROUND:

Federal law permits IRS to index Flexible Benefit Plan (IRD Section 125 Plans) according to inflation. By approving this change, it gives the County the opportunity to adjust the contribution rate an employee can deduct according to the Internal Revenue Service.

By adjusting contribution amounts, it assists employees in their efforts to pay rising dental, health and vision care costs on a pre-tax basis, along with the County not having to pay FICA or Medicare contributions for the contributions employees have elected.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

The Human Resources Department will conduct open enrollment meetings and service all employee groups. We will advise all
appointing authorities (payrolls) of any administrative changes in the program.

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

The Human Resources Department will notify the Flexible Spending Administrator and the appointing authority payrolls of the change. The Human Resources Department will coordinate with other appointing authorities to ensure changes are made.

Attachments
Flexible Spending Account Amendment 092415