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Martinsvilie <br /> <br />Meeting Date: <br /> <br />Item No: <br /> <br />Depa~ment: <br /> <br />Issue: <br /> <br />June 13, 2005 <br /> <br />6. <br /> <br />Human Resources <br /> <br />Consider approving amendments to the City's Flexible <br />Spending Account Summary Plan Description. <br /> <br />Summary: <br /> <br />1} Increases the maximum annual contribution <br />allowed under the Medical Care Spending Account from <br />$2000 to $2400 each year or $20 per pay period. <br /> <br />{2) In accordance with recent IRS ruling, modifies SPD <br />to allow participants an additional 2 ~ months (March <br />15th) to spend money leftover in their FSA's at year's end. <br /> <br />Attachments: <br /> <br />IRS Statement on Flexible Spendin~ <br /> <br />Recommendations: Motion to approve amendments to Plan <br /> <br />Motion Mayor Cobbe. Roop Clark <br />Second. V-Mayor Reynolds Fen'iH <br /> <br /> <br />