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HomeMy WebLinkAboutCC RES 02-088]0 ]3 ]4 l? 20 23 24 RESOLUTION NO. 02-88 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AMENDING ITS FLEXIBLE BENEFITS PLAN WHEREAS, the City adopted a Cafeteria Flexible Benefits Plan (Plan)in 1994 within the context of Section 125 of the Internal Revenue Code for the benefit of eligible City employees; and WHEREAS, such Plan as been amended when appropriate; and WHEREAS, the City Council wishes to amend the Cafeteria Flexible Benefits Plan within the context of Section 125 of the Internal Revenue Code for the benefit of eligible City employees. NOW, THEREFORE, the City Council of the City of Tustin, California does hereby amend its Flexible Benefits Plan (consisting of the flexible benefits plan document, the Adoption Agreement, and component benefit plans and policies) by increasing the allowable Medical Care Expense Reimbursement from $3,000 per calendar year to $5,000 per calendar year for the City of Tustin effective January 1, 2003. Resolved further, that the City Manager or his designee may, without a further Resolution, execute the Adoption Agreement and any related documents or amendments which may be necessary or appropriate to adopt the plan or maintain its compliance with applicable federal, state and local law. Passed and adopted by the City Council of the City of Tustin at a regular th meeting held on the 16 day of September, 2002. J~~ ~HOMAS, MAYOR 2? 28 S:\City Council Agenda Items\CAFETERIAPLANRESO2002.DOC ADOPTION AG REEMENT FOR: CITY OF TUSTIN FLEXIBLE BENEFITS PLAN ESTABLISHMENT OF THE PLAN The Employer named below established as set forth herein, a Flexible Benefits Plan (the "Plan") as of the Effective Date consisting of this Adoption Agreement, the Plan Document and the Benefit Plans and Policies specifically referred to herein including the Dependent Care Expense Reimbursement Plan and/or a Medical Care Expense Reimbursement Plan. The purpose of the Flexible Benefits Plan is to provide eligible employees a choice between cash and the specified welfare benefits described in this Adoption Agreement. Pre-tax premium elections under the Plan are intended to qualify for the exclusion from income provided in Section 125 of the Internal Revenue Code of 1986. EMPLOYER INFORMATION 1) Name and Address of Employer/ CITY OF TUSTIN Plan Administrator: 2) Employer's Telephone Number: 3) Employer's Federal Tax ID Number: 4) 125 Start Date: 5) Effective Date of the Plan: 6) Last Day of the Plan Year: Subsequent Plan Years: 7) Name and Address of the Plan Service Provider: 8) Name and Title of Registered Agent for Service of Legal Process: 9) Affiliated Employers which will Participate in the ARLENE MARKS 300 CENTENNIAL WAY TUSTIN, CA 92780 (714) 573-3052 95-6O0O804 01/01102 01/01/02 12131102 01101-12/31 CLAIMS PROCESSOR: FLEX ONE 1932 WYNNTON ROAD COLUMBUS, GA 31999 WILLIAM A HUSTON CITY MANAG ER Plan: Amendpgs ( ) ( ) (x) ( ) 10) Employer's Type of Business: OTHER ELIGIBILITY All Employees employed by the Employer shall be eligible to participate under the Plan except the following: (Describe) TEMPORARY OR SEASONAL OR NON-REGULAR PART-TIME An eligible Employee may become a Participant in the Plan: Immediately, upon the first day of employment (but not prior to the Effective Date of the Plan). On the day following commencement of employment. On the first day of the month following 30 days of employment. OTHER provided the Employee completes a Salary Redirection Agreement. However, eligibility for coverage Under any given Benefit Plan or Policy shall be determined by the terms of that Benefit Plan or Policy, and reductions of the Employee's Compensation to 'pay Pre-tax or After-tax Premiums shall commence when the Employee becomes covered under the applicable Benefit Plan or Policy. An eligible Employee may become a Participant in .the Dependent Care and/or Medical Expense Reimbursement Plan(s) (if elected below): ( ) On the same day such Employee is eligible for the Pre-Tax Premium benefits under the Plan. ( ) On the day following commencement of employment. ( ) On the first day of the month following days of employment. ( ) OTHER provided the Employee completes a Salary Redirection Agreement selecting such benefits. BENEFITS PROVIDED UNDER THE PLAN The Employer elects to offer to eligible employees the following Benefit Plans and Policies subject to the terms and conditions of the Plan. These component Benefit Plans and Policies are specifically incorporated herein by reference. The maximum Pre-tax · Premiums a Participant can contribute via the Salary Redirection Agreement is the aggregate cost of the applicable Benefit Plans or Policies selected minus any Non-elective Contribution made by the Employer. It is intended that such Pre-tax Premium accounts shall, for tax purposes, constitute an Employer contribution, but may constitute Employee contributions for State insurance law purposes. Copies of the Benefit Plans or Policies (or a list of eligible Policy numbers) shall be attached as an appendix to this Plan. ( X ) Group Medical Coverage (x) ( ) (x) (x) (x) ( ) (x) (x) (x) (x) (x) (x) (x) ( ) Vision Care Coverage Disability Income-Short Term (A&S) Cancer Insurance Group Dental Coverage Group Term Life Insurance Disability Income-Long Term (LTD) Intensive Care Insurance Accident Insurance Hospital Indemnity Insurance (HIP) Specified Health Event Personal Sickness Indemnity (PSI) Medical Care Expense Reimbursement described in Section 5.01(b) of the Plan, not to exceed $ 5,000 per Plan Year pursuant to the CITY OF TUSTIN Medical Care Expense Reimbursement Plan. Dependent Care Expense Reimbursement described in Section 5.01(c) of the Plan not to exceed $5,000 per Plan Year or $2,500 for married filing separate returns pursuant to the CITY OF TUSTIN Dependent Care Expense Reimbursement Plan. Opt-out Option: Additional taxable compensation for certain participants who opt-out of certain coverages (as described in enrollment materials). THE FUNDING AGENT The Employer selects the following Funding Agent for the Plan (check one): The Employer, which will comply with the requirements of Section 7.02 of the Plan. The Flexible Benefits Trust created concurrently with the execution of the Plan, which shall receive contributions under the Plan in accordance with Section 7.03 of the Plan. ADMINISTRATIVE EXPENSES Administrative Expenses incurred in operating the Plan shall be paid by (check one): The Employer, except as otherwise noted in the Plan. The Participants, except as otherwise noted in the Plan. EMPLOYER'S ACKNOWLEDGMENT As evidenced by the formal execution of this Adoption Agreement, the undersigned Employer adopted and established this Plan on the Effective Date as the Flexible Benefits Plan of the undersigned Employer. In doing so, the undersigned Employer acknowledges that this Adoption Agreement and this Plan are important legal instruments with significant legal and tax implications. The .Employer also acknowledges that it has read this Adoption Agreement and the Plan in their entirety, has consulted independent legal and tax counsel other than representatives of American Family Life Assurance Company of Columbus (AFLAC~), to the extent considered necessary, and accepts full responsibility for participation of employees hereunder and the operation of the · Plan. The Employer acknowledges that as Plan Sponsor and the Plan Administrator, it shall have sole responsibility to comply with all filing, reporting and disclosure requirements imposed by the Department of Labor, Internal Revenue Service, or any other government agency, specifically including, but not limited to, creating and filing Form 5500s and preparing and distributing Summary Plan Descriptions. Furthermore, the Employer further acknowledges that it shall bear sole responsibility for amending the Plan as necessary to ensure compliance with applicable tax, labor, and other laws and regulations. Employer acknowledges receipt of the checklist of Plan Sponsor Responsibilities included in the Plan Document Request form and has agreed to the obligations set forth therein. It is also understood and agreed that Amedcan Family Life Assurance Company of Columbus (AFLAC) and its Subsidiaries, agents, and representatives, are not providing legal or tax advice to the undersigned Employer in connection with this Plan and that no representations, are made by it with respect to the operation of the Flexible Benefits Plan pursuant to the sample documents provided by American Family Life Assurance Company of Columbus (AFLAC) to the Employer. This Plan shall be construed and enforced according to the Internal Revenue Code of 1986, as amended from time to time, the applicable regulations thereto and the laws of the State of the principal place of business of the Employer. IN WITNESS WHEREOF, the Employer has caused this Plan and Adoption Agreement to be executed .on the day of to ratify the adoption of the Plan adopted and effective as of the Effective Date. WITNESS: Employer: By: Title: Date: Corporate Officer 3 Amendpgs RESOLUTION ADOPTING A FLEXIBLE BENEFITS PLAN The undersigned hereby certifies that the following described Resolution was officially and legally adopted at the duly authorized official meeting of the body with legal authority (hereafter "Authority") to pass said Resolution. Said meeting was held on the date set forth below. WHEREAS, the Authority wishes to adopt a cafeteria plan within the context of Section 125 of the Internal Revenue Code for the benefit of the employer's eligible employees. NOW, THEREFORE, BE IT RESOLVED, that the Authority hereby adopts the Flexible Benefits Plan (consisting of the flexible benefits plan document, the Adoption Agreement, and component benefit plans and Policies) for the Employer named herein below effective as of the date specified in the Adoption Agreement. RESOLVED FURTHER, that any officer of the employer may, without a further resolution, execute the Adoption Agreement and any related documents or amendments which may be necessary or appropriate to adopt the plan or maintain its compliance with applicable Federal, State and local law. Name: Body With Legal Authority of Employer To Pass Resolution: (Examples - Board of Directors, Board of Commissioner, etc.) Date of Official Meeting of Authority at which Resolution was Legally Passed: Signature of Person with Authority to Certify that Resolution was Legally Passed Corp.orate Officer Print Name and Title of Person above [ OFFICIAL SEAL ] Date: *Note: Legal requirements for a valid Board of Directors Resolution vary from State to State. This document is merely a suggested form. Each Employer should consult with its own legal counsel to ensure compliance with applicable law. 4 Amendpgs FLEXIBLE BENEFITS PLAN SUMMARY PLAN DESCRIPTION FOR: CITY OF TUSTIN FLEXIBLE BENEFITS PLAN EMPLOYER INFORMATION 1) Name and Address of Employed Plan Administrator: 2) Employer's Telephone Number: 3) Employer's Federal Tax ID Number: 4) Plan Number Assigned to Cafeteria Plan (e.g,, 501 if this is the first ERISA plan number assigned): 5) 125 Start Date: 6) Effective Date of the Plan: 7) Last Day of the Plan Year: Subsequent Plan Years: 8) Name and Address of the Plan Service Provider: 9) Name and Title of Registered Agent for Service of Legal Process: 10) Affiliated Employers which will participate in the CITY OF TUSTIN ARLENE MARKS 300 CENTENNIAL WAY TUSTIN, CA 92780 (714) 573-3052 95-6000804 01101/02 01/01/02 12/31/02 01101-12/31 CLAIMS PROCESSOR: FLEX 1932 WYNNTON ROAD COLUMBUS, GA 31999 WILLIAM A HUSTON CITY MANAGER Plan: ONE 11) Employer's Type of Business OTHER Amendpgs ELIGIBILITY All Employees employed by the Employer shall be eligible to participate under the Plan except the following: TEMPORARY OR SEASONAL OR NON-REGULAR PART-TIME An eligible Employee may become a Participant in the Plan: ( ) Immediately, upon the first day of employment (but not prior to the Effective Date of the Plan). ( ) On the day following commencement of employment. ( X ) On the first day of the month following 30 days of employment. ( ) OTHER provided the Employee completes a Salary Redirection Agreement. However, eligibility for coverage under any given Benefit Plan or Policy shall be determined by the terms of that Benefit Plan or Policy, and reductions of the Employee's Compensation to pay Pre-tax or After-tax Premiums shall commence when the Employee becomes covered under the applicable Benefit Plan' or Policy. An eligible Employee may become a Participant in the Dependent. Care and/or Medical Expense Reimbursement Plan(s) (if elected below): ( ) On the same day such Employee is eligible for the Pre-Tax Premium benefits under the Plan. ( ) On the day following commencement of employment. ( ) On the first day of the month following days of employment. ( ) OTHER provided the Employee completes a Salary Redirection Agreement selecting such benefits. BENEFITS PROVIDED UNDER THE PLAN The following Benefit Plans and Policies subject to the terms and conditions of the Plan are available for election by eligible employees. The maximum a participant can contribute via the Salary Redi.rection Agreement is the maximum aggregate cost of the Benefit Plans or Policies elected minus any Non-elective Contribution made by the employer. It is intended that such Pre-ta)~ Premium amounts shall, for tax purposes, constitute employer contribution, but may constitute employee contributions for State insurance law purposes. Copies of the Benefit Plans or Policies (or a list of eligible Policy numbers) shall be attached as an appendix to this Plan. ( X ) Group Medical Coverage (x) ( ) (x) (x) (x) ( ) (x) (x) (x) (x) (x) (x) (x) ( ) ,. Vision Care Coverage Disability Income-Short Term (A&S) Cancer Insurance Group Dental Coverage Group Term Life Insurance Disability Income-Long Term (LTD) Intensive Ca re I ns u ran ce Accident Insurance Hospital Indemnity Insurance (HIP) Specified Health Event Personal Sickness Indemnity (PSI) Medical Care Expense Reimbursement described in Section 5.01(b) of the Plan, not to exceed $ 5,000 per Plan Year pursuant to the CITY OF TUSTIN Medical Care Expense Reimbursement Plan. Dependent Care Expense Reimbursement described in Section 5.01(c) of the Plan not to exceed $5,000 per Plan Year or $2,500 for married filing separate returns pursuant to the CITY OF TUSTIN Dependent Care Expense Reimbursement Plan. Opt-out Option: See enrollment material. THE FUNDING AGENT The Employer selects the following Funding Agent for the Plan (check one): The Employer, which will comply with the requirements of Section 7.02 of the Plan. The Flexible Benefits Trust created concurrently with the execution of the Plan, which shall receive contributions under the Plan in accordance with Section 7.03 of the Plan. ADMINISTRATIVE EXPENSES Administrative Expenses incurred in operating the Plan shall be paid by (check one): The Employer, except as otherwise noted in the Plan. The Participants, except as otherwise noted in the Plan. 6 Amendpgs City of Tustin RESOLUTION CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF ORANGE )SS CITY OF TUSTIN ) RESOLUTION NO. 02-88 I, PAMELA STOKER, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, hereby certifies that the whole number of the members of the City Council of the City of Tustin is five; and that the above and foregoing Resolution No. 02- 88 was adopted at a regular meeting of the City Council held on the 16th day of September, 2002, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED· COUNCILMEMBER ABSENT: Thomas, Worley, Bone, Doyle, Kawashima None None None '~"~Pamela Stoker, City Clerk