Loading...
HomeMy WebLinkAboutMINUTES - 05112010 - C.67RECOMMENDATION(S): ADOPT Resolution No. 2010/254 approving the Contra Costa County Section 125 Benefits Plan document as amended and restated effective 1/1/2010; and 1. Authorize the Benefits Manager to take all necessary actions in implementing the revised plan document. 2. FISCAL IMPACT: There is no additional fiscal impact to county general funds in implementing the revised plan. APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 05/11/2010 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Susan A. Bonilla, District IV Supervisor Federal D. Glover, District V Supervisor Contact: Ted Cwiek, Human Resources Director I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: May 11, 2010 David J. Twa, County Administrator and Clerk of the Board of Supervisors By: EMY L. SHARP, Deputy cc: Employee Benefits Manager, Employee Benefits Supervisor, County Counsel, HR Director C.67 To:Board of Supervisors From:Ted Cwiek, Human Resources Director Date:May 11, 2010 Contra Costa County Subject:Adopt Updated Section 125 Benefits Plan BACKGROUND: Effective January 1, 1989, Contra Costa County (the "County) established the "Contra Costa County Dependent Care Assistance Program" for the benefit of eligible employees. Effective January 1, 1991, the County established the "County of Contra Costa Premium Conversion Plan" for the benefit of eligible employees. Effective January 1, 1997, the County integrated these two plans, in conjunction with the introduction of a new Health Care Spending Account Program. These plans became the "Contra Costa County Section 125 Benefits Plan" (the "Plan"). This Board action amends and restates the Plan effective January 1, 2010. Amendments to the Plan were prepared by Buck Consultants to assure that the Plan is in compliance with provisions of the Internal Revenue Code. Adoption of the Plan will assure that the County's Plan documents are up to date. The Plan qualifies as a cafeteria plan under Section 125 of the Internal Revenue Code of 1986, and will be interpreted in a manner consistent with the requirements of the Code. ATTACHMENTS Resolution No. 2010/254 Section 125 Benefits Plan