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HomeMy WebLinkAboutRESO7294RESOLUTION NO. 7294 RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO ADOPTING AN AMENDMENT TO THE CITY OF PALO ALTO FLEXIBLE BENEFITS PLAN WHEREAS, the City of Palo Alto (the "City") maintains the City of Palo Alto Flexible Benefits Plan (the "Plan") which is intended to qualify as a Cafeteria Plan under section 125 of the Internal Revenue Code of 1986, as amended (the "Code"); and WHEREAS, the City Council wishes to adopt certain technical amendments to the Plan, as hereinafter set forth, in conformance with amendments to the Code and regulations promulgated pursuant thereto, effective January 3, 1993; and WHEREAS, the City is permitted to amend the Plan pursuant to Section 6.1 of the Plan. NOW, THEREFORE, the Council of the City of Palo Alto does RESOLVE as follows: SECTION 1. The City Council hereby approves the amendment of the Plan by adoption of that certain document entitled "City of Palo Alto Flexible Benefits Plan --Amended and Restated Effective January 1, 1993," a copy of which is attached hereto and incorporated herein by reference. SECTION 2. The Council finds that this is not a project under the California Environmental Quality Act. INTRODUCED AND PASSED: Marcn 21, 1994 .AYES: ANDERSEN, FAZZINO, HUBER, KNISS, MCCOWN, ROSENBAUM, WHEELER NOES: ABSENT: SCHNEIDER, SIMTTIAN AbSTENTIONS: ATTEST:'' APPROVED: City' Clerk i APPROVED AS TO FORM: �� .C—o,-Lsz genior Asst. City Attorney i y Manag D r tor o Finance Di'ect• of Human Resources 940131 lac 0030569 CITY OF PALO ALTO FLEXIBLE BENEFITS PLAN Amended and Restated Effective January 1, 1993 .ta October 4 1440 CITY OF PALO ALTO FLEXIBLE BENEFITS PLAN Amended and Restated Effective January 1, 1993 TABLE OF CONTENTS Page ARTICLE I INTRODUCTION ARTICLE II DEFINITIONS 1 2.1 Benefit Plans 1 2.2 City 1 2.3 City Council 1 2.4 Code 1 2.5 Dependent Care Plan 2 2.6 Effective Date 2 2.7 Eligible Employee 2 2.8 Employee 2 2.9 Employee Contribution 2 2.10 Enrollment Form 2 2.11 Highly Compensated Individual 2 2.12 Highly Compensated Participant 2 2.13 Key Employee 2 2:14 Open Enrollment Period 3 2.15 Participant 3 2.16 Plan 3 2.17 Plan Administrator 3 2.18 Plan Year 3 ARTICLE III ELIGIBILITY AND PARTICIPATION 3 3.1 Commencement of Participation 3 3.2 Termination of Participation 4 3.3 Reinstatement of Former Participant 4 3.4 Reinstatement of Suspended Participant 5 3.5 Discrirnination Limitations 6 ARTICLE IV BENEFITS 7 4.1 Benefit Plans `7 4.2 Benefit Plan Selection 7 4.3 Description. of Benefits Other Than Cash 7 ARTICLE V ENROLLMENT 8 5.1 Enrollment of Newly Eligible Employees 8 5.2 Open Enrollment Period 8 OZ Cksoler 4.1993 Page 5.3 Failure to Elect 9 5.4 Irrevocability of Election by the Participant During the Plan Year 9 5.5 Forfeiture of Unused Benefits 10 ARTICLE VI CONTRIBUTIONS 10 6.1 Employee Contribution 10 6.2 Allocation of Contributions 10 ARTICLE VII ADMINISTRATION OF PLAN 11 7.1 Plan Administrator 11 7.2 Examination of Records 12 7.3 Indemnification of Plan Administrator 12 ARTICLE VIII BENEFIT CLAIMS PROCEDURE 12 ARTICLE IX AMENDMENT OR TERMINATION OF PLAN 12 9.1 Amendment or Termination of Plan 12 9.2 Authority of Plan Administrator 13 ARTICLE X MISCELLANEOUS PROVISIONS 13 10.1 Exclusive Benefit 13 10.2 Information To Be Furnished 13 10.3 Limitation of Rights 13 10.4 Benefits Solely From General Assets 14 10.5 Nonassignability of Rights 14 10.6 Gender and Number 15 10.7 Titles 15 10.8 Governing Law 15 10.9 Severability 15 ?A4447.W October L 1st3 ii CITY OF PALO ALTO FLEXIBLE BENEFITS PLAN Amended and Restated Effective January 1, 1993 ARTICLE I INTRODUCTION The City of Palo Alto Flexible Benefits Plan, originally effective July 30, 1988 and amended and restated as set forth herein effective January 1, 1993, is maintained by the City of Palo Alto for the purpose of providing Eligible Employees with a choice between cash and the opportunity to pay for dependent care expenses and such other benefits under the various Benefit Plans as may from time to time be offered under the Plan with pre-tax dollars. The Plan is intended to qualify as a cafeteria plan under section 125 of the Code, and is to be interpreted in a manner consistent with section 125 of the Code. ARTICLE II DEFIN11iONS 2.1 "Benefit Plans" means all benefit plans available for elec.:ion by a Participant as described in more detail in Section 4.1. 2.2 "City" means the City of Palo Alto. 2.3 "City Council" means the governing legislative body of the City, as constituted from time to time. 2.4 "Code" means the Internal Revenue Code of 1986, and the regulations and rulings issued pursuant thereto, all as in effect and amended from time to time. *4447.¢ Oao6er t 199 1 2.5 "Dependent Care Plan" means the City of Palo Alto Dependent Care Assistance Plan, as amended from time to time, the terms of which shall be incorporated into the Plan by reference. 2.6 "Effective Date" of the amended and restated Plan means January 1, 1993. 2.7 "Eligible Employee" means each Employee who is eligible to participate in any Benefit Plan maintained by the City and whose participation is provided for in an applicable Memorandum of Understanding or Compensation Plan. 2.8 "Employee" means a person who receives remuneration for rendering services to the City, any portion of whose income is subject to withholding of income tax and/or employment tax by the City, as well as any other person qualifying as a common law employee of the City. 2.9 "Employee Contribution" means the contribution which a Participant elects to make as a reduction in compensation to pay for benefits under one or more Benefit Plans he or she has chosen under the Plan, as set forth in Section 6.1. Employee Contributions are made on a pre-tax basis by payroll deduction. 2.10 "Enrollment Form" means the form which an Employee shall complete in order to select the Benefit Plans offered under the Plan. 2.11 "Highly Compensated Individual" means any Employee who is a highly compensated individual as defined in section 125(e)(2) of the Code. 2.12 'Highly Compensated Participant" means a Participant who is a highly compensated Participant as defined in section 125(e)(1) of the Code. 2.13 "Key Employee" means any person who is a key employee as defined in section 416(i)(1) of the Code. 204447..2 October 4, 1993 2 2.14 "Open Enrollment Period" means the period selected by the Plan Administrator during which Eligible Employees may elect benefits for the following Plan Year. 2.15 'Participant" means an Eligible Employee who becomes a Participant in the Plan pursuant to the terms of Article III. 2.16 "Plan" means the City of Palo Alto Flexible Benefits Plan as set forth herein, together with any and all amendments thereto. 2.17 "Plan Administrator" means the committee or individual appointed by the City from time to time to administer the Plan. 2.18 "Plan Year means a 12 -month period ending with the last pay period of the calendar year. ARTICLE III ELIGIBILITY AND PARTICIPATION 3.1 Commencement Participation. Each Eligible Employee may participate in the Plan subject to his or her election made pursuant to the provisions of Article V. 3.2 Termination of Participation. (a) A Participant will cease to be a Participant in the Plan as of the earliest of (1) the date on which the Plan terminates, (2) the date on which the Participant ceases to be an Eligible Employee and has $0 credited to his or her account under the Plan, or (3) the date on which the Participant's benefit election pursuant to Article V expires or terminates in accordance with Article V. However, benefits under 244447.02 (kicker 4.1993 3 the Benefit Plans elected when participation ceases shall continue to the extent specified ;it such Benefit Plans. (b) A Participant's election to receive benefits under a given Benefit Plan and corresponding salary reduction authorization to pay for benefits under that Benefit Plan shall automatically :ease either when the Participant is no longer eligible for coverage under such Benefit Plan or the Participant elects to cease participation in such Benefit Plan in accordance with the terms of such Benefit Plan and the Plan. (c) In the event that a Participant is no longer an Eligible Employee during a Plan Year, Employee Contributions shall cease and the Participant will be entitled to receive the ,enefits under the Benefit Plans for which Employee Contributions have been made in accordance with the provisions of such Benefit Plans. (d) Subject to any specific limitations which the City shall impose under a Benefit Plan, (i) participation shall continue during a leave of absence during which the Participant continues to receive compensation from the City and (ii) participation shall be suspended during an unpaid leave of absence. 3.3 Reinstatement of Former Participant. (a) A former Participant who once again becomes an Eligible Employee may enroll in the Plan in accordance with Article V. (b) A former Participant who at all times remains an Eligible Employee may enroll in the Plan in accordance with Sections 5.2 and 5.4. (c) Notwithstanding the foregoing, a Participant who terminates participation in the Plan due to his or her termination of employment during a Plan Year may not re -enroll in the Plan during that same Plan Year. 204447.02 orate 411*3 4 3.4 Reinstatement of Suspended Participant. (a) A suspended Participant who once again becomes an Eligible Employee after an unpaid leave of absence of 30 days or less shall resume participation upon return to work, provided such return is within the same Plan Year. The withholding for such a Participant shall be the same amount after the Participant resumes participation as it was prior to the unpaid leave of absence, with no adjustment for the time during the unpaid leave of absence when no withholding occurred. Every other Participant who is on an unpaid leave of absence resumes participation as soon as administratively feasible after completing, signing and filing an Enrollment Form with the Plan Administrator, and such Enrollment Form shall be effective, subject to Section 5.4, for the period beginning on the date determined by the Plan Administrator and ending on the last day of The Plan Year during which such form was filed. (b) if a suspended Participant resumes participation after an unpaid leave of absence in the same Plan Year as the unpaid leave of absence began, the benefits elected for the remainder of the such Plan Year shall be identical to those benefits, if any elected at the beginning of such Plan Year, except as otherwise permitted in Section'5.4. 3.5 L.scrimination Limitations. (a) The Plan shall not discriminate in favor of Highly Compensated Individuals as to eligibility to participate or Highly Compensated Participants as to contributions and benefits. In addition, no more than twenty-five percent (25%) of the aggregate amounts paid under the Plan during any Plan Year shall be paid to Key Employees. 412 O •4.t 3 5 (b) If the Plan Administrator determines, before orr during any Plan Year, that the Plan may fail to satisfy for such Plan Year any of the nondiscrimination requirements set forth in paragraph (a) above or any other nondiscrimination requirement which applies to a Benefit Plan, the Plan Administrator may modify the elections of all those Participants who are Highly Compensated Participants, Key Employees or highly compensated employees within the meaning of section 414(q) of the Code. In the event that the elections of some Participants are modified, such elections shall be modified fog any such affected Participant by reducing the Employee Contribution of such affected Participant in the proportion that such affected Participant's compensation bears to the compensation of all such affected Participants during the Plan Year until the Plan is in compliance with the applicable nondiscrimination requirements. For purposes of this Section 3.5(b), compensation shall mean wages within the meaning of section 3401(a) of the Code (i.e., wages for purposes of income tax withholding), at the effective date of the modification of the elections. The Plan Administrator shall determine in which order the Benefit Plans offered under the Plan shall be affected by such modifications of elections in its sole discretion, pursuant to rules uniformly applied to similarly situated Participants. ARTICLE IV BENEFITS 4.1 Benefit Plans. A Participant may select among the following Benefit Plans for each Plan Year: (a) Dependent Care Plan; 11>.447.G2 October 4. 1981 6 (b) Such other Benefit Plans as the Plan Administrator may designate from time to time. The Benefit Plans to be offered under the Plan shall be selected at the discretion of the Plan Administrator and may be prospectively chang:,d at any time upon written notice to Participants and Eligible Employees. 4.2 Benefit Plan. Selection. A Participant shall designate on the Enrollment Form those Benefit Plans described in Section 4.1 which he or she selects. If a Participant has elected to receive benefits from the Dependent Care Plan, the Participant shall also designate the amount of his or her Employee Contribution to be allocated to such Benefit Plan. 4.3 Description of Benefits Other Than Cash. While the election to receive benefits from one or more of the Benefit Plans described in Section 4.1 shall be made under the Plan, the benefits wil: be provided not by the Plan but by the particu!ar Benefit Plan. T'ne types and amounts of benefits available under each optional Benefit Plan described in Section 4.1, the requirements for participating in such Benefit Plans, and the other terms and conditions of coverage and benefits under such Benefit Plans, are as set forth from time to time in the documents that constitute (or are incorporated by reference in) such Benefit Plans The Benefit Plans are hereby incorporated by reference into the Plan. Any amendments to such Benefit Plans are also to be incorporated by reference automatically into the Plan. oar 1 H+93 7 ARTICLE V ENROLLMENT 5.1 Enrollment of Newly Eligible Emplc�rees. (a) If a newly Eligible Employee w' -hes to receive benefits from one or more of the Benefit Plans described in Section 4.1, such newly Eligible Employee shall complete, sign and return the Enrollment Form to the Plan Administrator before the pay period following the first day of the month after the Employee's date of hire by the City (the "Enrollment Date"). Any election by the newly Eligible Employee shall, subject to Sections 5.2 and 5.4, be effective for the period beginning on the Enrollment Date and ending on the last day of the Plan Year within which such participation begins. (b) An Eligible Employee who does not file an Enrollment Form with the Plan Administrator in a timely fashion upon first being eligible for the Benefit Plan described in Section 4.1(a) of the Plan may become a Participant in Lhe future in accordance with the provisions of Sections 5.2 and 5.4. 5.2 Open Enrollment Period. Each Participant may (and an Eligible Employee who is not a Participant may, in order to become a Participant) complete, sign and file a new Enrollment Form with the Plan Administrator during the Open Enrollment Period. The elections made by the Participant during an Open Enrollment Period shall be effective, subject to Section 5.4, for the next Plan Year. 5.3 Failure to Elect. A Participant failing to make a timely and proper election in accordance with Sections 5.1(a) or 5.2 shall be deemed to have elected to receive his or her full compensation in cash. 204447.02 October 2 1913 8 5.4 Irrevocability of Election by the Participant During the Plan Year. (a) Elections made or deemed to be made under the Plan for a given Plan Year shall be irrevocable during such Plan Year unless the Participant has a change in family status. A Participant may revoke a benefit election for the balance of a Plan Year and file a new election only if both the revocation and the new election are on account of and consistent with a change in family status. For purposes of this Section 5.4, a change in family status includes marriage, divorce, death of a spouse or dependent, birth or adoption of a child, commencement or termination of employment of a spouse, change from full-time to part-time employment status (or vice versa) by a Participant or spouse, the return from an unpaid leave of absence by a Partkipant or spouse, the taking of unpaid leave of absence by a Participant's spouse, a significant change in health coverage attributable to a spouse's employment, a significant increase in the Participant's portion of the premium cost under a health plan when the Participant may elect similar coverage under another health plan, a significant curtailment or cessation of coverage under a health plan when the Participant may elect similar coverage under another health plan, and such other events as the Plan Administrator determines will qualify as a change in family status under regulations and rulings of the Internal Revenue Service. Any new election under this Section 5.4 shall be made by filing a new Enrollment Form within a reasonable period of time after the change in family status and shall be effective at such time as the Plan Administrator shall prescribe, but not earlier than the first pay period beginning after the Enrollment Form is completed and returned to the Plan Administrator. 2a444102 (k14ars 4, 1991 9 (b) A Participant may, during the Open Enrollment Period, revoke or change his or her election 3r deemed election effective as of the beginning of the next Plan Year in accordance with Section 5.2. 5.5 Forfeiture of Unused Benefits. Any amount of the Employee Contribution hereunder which is not applied to provide a Participant the benefits elected (or deemed elected) hereunder on or before the end of the third month after the close of the Plan Year will be retained by the City and such unused benefits will be forfeited by the Participant. ARTICLE VI CONTRIBUTIONS 6.1 Employe; Contribution. For each Plan Year, the amount of each Participa,_tt's Employee Contribution shall be equal to the cost of the Benefit Plans selected by such Participant. Such Participant shall enter into a salary reduction agreement authorizing the reduction of such Participant's compensation, on a pro rata basis per pay period, by an amount equal to his or her Employee Contribution. 6.2 Allocation of Contributions. As of each date an amount equal to the Participant's Employee Contribution is withheld from the Participant's compensation pursuant to Section 6.1, such amount shall be credited to provide benefits under the appropriate Benefit Plans consistent with the Participant's election under the Plan. 204441.02 0.xober 4 WA 10 ARTICLE VII ADMINISTRATION OF PLAN 7.1 Plan Administrator. It shall be a principal duty of the Plan Administrator to see that the Plan is carried out, in accordance with its terms, for the exclusive benefit of persons entitled to participate in the Plan without discrimination among them. The Plan Administrator will have full power to administer the Plan, subject to applicable requirements of law. For this purpose, the Plan Administrator's powers will include, but will not be limited to, the following: (a) To make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Plan, including the establishment of a claim procedure; (b) To interpret the Plan in its sole discretion, its interpretation thereof in good faith to be final and conclusive on the City, Employees, Participants and all persons claiming benefits under the Plan; (c) To decide, in its sole discretion, all questions concerning the Plan and the eligibility of any person to participate in the Plan; (d) To appoint such agents, counsel, accountants, consultants and other persons as may be required to assist in administering the Plan; and (e) To allocate and delegate its responsibilities under the Plan and to designate other persons to carry out any of its responsibilities under the Plan, any suet allocation, delegation or designation to be by written instrument and in accordance with applicable requirements of law. 4447.02 Weber l 1993 11 7.2 Examination of Records. The Plan Administrator shall make available to each Participant such of -the records under the Plan as pertain specifically to th.. t Participant, for examination at reasonable times during normal business hours. 7.3 Indemnification of Plan Administrator. The City agrees to indemnify and defend to the fullest extent permitted by law any Employee, includi4 any former Employee, to whom it has delegated or allocated responsibilities with respect to the administration of the Plan, against all liabilities, damages, costs and expenses, including attorneys' fees and amounts paid in settlement of any claims approved by the City, occasioned 'oy any act or omission to act in connection with the Plan, if such act or omission does not involve bad faith, gross negligence, or willful misconduct. ARTICLE VIII BENEFIT CLAIMS PROCEDURE Ali claims for benefits provided under a Benefit Plan shad be determine under the benefit claims procedures contained in such Benefit Plan. ARTICLE IX AMENDMENT OR TERMINATION OF PLAN 9.1 Ainendment or Termination of Plan. Although the City has established the Plan with the intention of maintaining it for an indefinite period of time, the City reserves the right at any time, and from time to time, (a) of the Plan; or to modify or amend in whole or in part any or all of the provisions .0e October 479).1 12 (b) to discontinue or terminate the Plan at any time. Any such discontinuance or termination shall be effective as of such date as the City shall determine. 9.2 Authority of Plan. Administrator. The Plan Administrator shall have authority to modify or amend the Plan as may be necessary to (a) implement any additional Benefit Plans as may be designated under Section 4.1(c): or (b) enable the Plan to meet any requirements for qualification under section 125 of ttie Code or other applicable law. ARTICLE X MISCELLANEOUS PROVISIONS 10.1 Exclusive Benefit. The Plan shall be established and maintained for the exclusive benefit of Eligible Employees, their spouses, and dependents. 10.2 Information To Be Furnished. Participants shall provide the City and the Plan Administrator with such information and evidence, and shall sign such documents, as may reasonably be requested from time to time for the purpose of administration of the Plan. 10.3 Limitation of Rights. The establishment of the Pan or any amendment thereof, the creation of any fund or account, or the payment of any benefits shall not be constriee as giving to any Participant or other person a legal or equitable right against the City or the Plan Administrator except as provided in the Plan. Under no circumstances shall the terms of employment of any Participant be modified or in any iMN,.a2 Ociaber 4,1,93 13 way affected by the provisions of the Plan. The maintenance of the Plan shall not constitute a contract of employment and participation in the Plan will not give any Participant a right to be retained in the employ of the City. Each Employee's rights with respect to continuing employment with the City are established by the Merit System Rules and Regulations. 10.4 Benefits Solely From General Angels. Except as otherwise required by applicable law, the benefits provided hereunder will be paid solely from the general assets of the City. Nothing herein will be construed to require the City or the Flan Administrator to maintain any fund or segregate any amount for the benefit of any Participant, and no Participant or other person shall have any claim against, right to, or security or other interest in, any fund, account or asset of the City from which any payment under the Pan may be made, except as an unsecured general creditor of the City. 10.5 Nonassignability of Rights. Neither the City nor the Plan Administrator shall recognize any transfer, mortgage, pledge, hypothecation, order or assignment by any Participant or beneficiary of all or any part of his or her interest under the Plan. Any attempt by a Participant or beneficiary to assign, alienate, sell, transfer, pledge or encumber his or her benefits shall be void. A Participant's or beneficiary's interests shall not be subject in any manner to transfer by operation of law, and shall be exempt from the claims of creditors or other claimants (including but not limited to debts, contracts, liabilities, or torts) from all orders, decrees, levees, garnishments, and/or executions and other legal or equitable process or proceedings against such Participant or beneficiary to the full extet;t which may be permitted by law. - 204417.02 cbaber 4. »z+ 14 10.6 Gender and Number. Words used in the masculine, feminine or neuter genders shall each be deemed to refer to the other, whenever the contexts r., a required; and words used in the singular or plural shall each be deemed to refer to the other whenever the contexts are required. 10.7 Titles. Titles are for convenience only and are not deemed to be a part of the Plan. 10.8 Governing Law. The provisions of the Plan shall be construed, administered and enforced according to applicable federal law and the laws of the State of. Californi. 10.9 Severabilit`y.- If any provision of the Plan is held by a court of competent. jurisdiction to be invalid or unenforceable, the remaining provisions shall continue to be fully effective. IN WITNESS WHEREOF, the City adopts the amended and restated Plan to be effective as of January 1, 1993. CITY OF PALO ALTO Bv: ATTEST: City Clerk 210447.02 Gather 41.*3 15