Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Flexible Spending Benefits Plan Document with Chard, Snyder & Associates, Inc., for the LFUCG Employee Benefits Cafeteria Plan, pursuant to Section 125 of the Internal Revenue Code, for the period of January 1, 2016 through December 31, 2016. [Div. of Human Resources, Maxwell]
Summary
Authorization to execute the Flexible Spending Benefits Plan Document with Chard, Snyder & Associates, Inc. for the purpose of allowing the LFUCG employees to elect various benefit options on a pretax basis within the meaning of Section 125 of the Internal Revenue Code, effective upon passage of Council. There is no budgetary impact for this item. (L1414-15)(Maxwell/Hamilton)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { Select Yes, Completed by [Andrea Brown]}
Risk Management: {Select No
Fully Budgeted [select]:
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
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Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute a Flexible Spending Benefits Plan Document with Chard, Snyder & Associates, Inc., which is attached hereto and incorporated herein by reference, for the LFUCG Employee Benefits Cafeteria Plan, pursuant to Section 125 of the Internal Revenue Code, for the period of January 1, 2016 through December 31, 2016.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
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MAYOR
ATTEST:
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CLERK OF URBAN COUNTY COUNCIL