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01-12-1999 Minutes
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01-12-1999 Minutes
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<br />f'19990006 <br /> <br />PASSED Ai'iD ADOPTED THIS _DAY OF JANUARY, 1999. <br /> <br />HALf fP, <br />W y ,- <br />Chairman 0 e <br />of Supervisors <br /> <br /> <br />OF SUPERVISORS <br /> <br />. i1PAIP~ ~~ <br />Marla . Conley, 1 County Cled{ \ <br /> <br />RESCISSION OF AMENDMENT <br />TO FLEXIBLE BENEFITS PLA.'l <br /> <br />WHEREAS, the Internal Revenue Service (IRS) previously issued temporary and proposed <br />regulations relating to permissible election changes under cafeteria plans in Temporary Treasury <br />Regulation 9 1. 12S-4T (1997); <br /> <br />WHEREAS, the undersigned employer (the "Employer") previously amended its Flexible Benefits Plan <br />(the "Plan") to take into account the 1997 IRS regulations; <br /> <br />WHEREAS, on November 23, the IRS announced that the effective date of the 1997 IRS Regulations <br />would be postponed indefinitely, and that the Employer could rely on the pre-existing 1989 change in <br />family status regulations; <br /> <br />NOW, TIIEREFORE, BE IT ADOPTED that the prior amendment relating to cafeteria plan election <br />changes is hereby declared null and void and that the Plan shall be as set forth immediately prior to such <br />amendment. <br /> <br />Except as specifically provided herein, the Plan shall remain in full force and effect and the officers of the <br />Employer shall be authorized to take any further action deemed to be consistent herewith. <br /> <br />Execured this -4- day o~-tU1jril<?9 <br /> <br />d/Ld (lH/-J11s <br /> <br />Employer <br /> <br />A'9rJ ad& G- C-r4 <br />
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