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Date: Item No.
Resolution Amending the Flexible Benefit Plan
Proposed Action
Staff recommends adoption of the following motion: Move to approve the amendment to the
Flexible Benefit Plan for 2017.
Overview
City staff, along with our Insurance Broker, National Financial Partners Corporation (NFP) and
Scott Wold, Attorney with Hitesman & Wold, P.A. reviewed and updated the City’s Flexible
Benefit Plan for 2017 to be in compliance with section 125 of the IRS. The Flexible Plan
Document is available in the Human Resources Department, but not attached here because of the
size of the document.
The plan amendment addresses the taxable cash payment of $50 for employees who waive the
City’s group medical plan. It also addresses the premium reimbursement account section of the
plan. Full-time employees can select additional insurance benefits through AFLAC. Beginning
January 1, 2018, premiums for AFLAC will be paid using post-tax dollars.
Staff requests the City Council adopt a resolution approving the Flexible Plan Document and
authorizing the Mayor and City Clerk to sign the document.
Primary Issues to Consider
• The amended Flexible Benefit Plan is in compliance with Section 125 of the IRS.
Supporting Information
• Resolution adopting the amended Flexible Plan Document
Financial Impact: $ Budgeted: Y☐ N☐ Source:
Related Documents: (CIP, ERP, etc.):
Envision Lakeville Community Values: Good Value for Public Services
Report Completed by: Tammy Schutta, HR Manager
December 11, 2017
N/A
CITY OF LAKEVILLE
RESOLUTION NO. ____
RESOLUTION APPROVING AMENDMENT
TO THE FLEXIBLE BENEFIT PLAN DOCUMENT
WHEREAS, the City of Lakeville offers its employees a flexible benefit program providing for
reimbursement of medical expenses, dependent care expenses, and payment of insurance
premiums; and
WHEREAS, the Flexible Benefit Plan has been amended to be in compliance with section 125 of
the IRS.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota, that the following are hereby approved:
a) City of Lakeville and Lakeville Arenas Flexible Benefit Plan
ADOPTED by the Lakeville City Council this 18th day of December 2017
______________________________
Douglas P. Anderson, Mayor
_________________________________
Charlene Friedges, City Clerk