Granville Community Calendar

Resolution 03-47

 A RESOLUTION TO AUTHORIZE THE IMPLEMENTATION OF A PRE-TAX CAFETERIA PLAN FOR HEALTH INSURANCE PREMIUM DEDUCTIONS PURSUANT TO 26 USC § 125

WHEREAS, The Village Council of Granville, Ohio has the authority to establish and make available to Village employees health insurance upon such terms and conditions as Council authorizes; and

WHEREAS, The Village Council of Granville, Ohio has determined that it is in the best interest of the Village and its employees to implement a pre-tax cafeteria plan for health insurance premium deductions pursuant to 26 USC § 125.

NOW THEREFORE BE IT RESOLVED by the Village Council of Granville, Ohio, a majority of the elected numbers concurring, that:

Section I:     The Village Council hereby authorizes the implementation of a pre-tax cafeteria plan for health insurance premium deductions which will apply to those Village employees who elect to participate in the plan.

Section II:    The Village shall adopt a plan which mirrors the Internal Revenue Code sections governing cafeteria plans as set forth in 26 USC § 125.  

Section III:    The Village Finance Director is hereby authorized and directed to take all action necessary to accomplish the purposes of this Resolution.

Section IV:     This Resolution shall take effect immediately upon passage.

 

Employee Payroll / Compensation

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