HomeMy WebLinkAboutRes 36-92 12/22/1992 RESOLUTION NO. 36-92
RESOLUTION APPROVING AN AMENDMENT TO A CAFETERIA PLAN
WHEREAS, the Village of Mount Prospect is a Home Rule
Municipality exercising its Home rule powers pursuant to the
Illinois Constitution of 1970; and
WHEREAS, the Corporate Authorities have previously adopted
aVillage of Mount Prospect Flexible Compensation Plan (the
"Plan") for its employees; and
WHEREAS, the Corporate Authorities have determined that the
Plan should be amended to change its plan year to coincide with
the plan year of the health plan adopted by the Village of Mount
Prospect.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS,
AS FOLLOWS:
SECTION That the Amendment to the Village of Mount
QNE: Prospect Flexible Compensation Plan, Health Care
Reimbursement Plan and Dependent Care Assistance
Plan, attached hereto as Exhibit A, be and is
hereby approved and adopted to be effective as of
December 22 , 1992.
SECTION That the Finance Director of the Village of Mount
TWO: Prospect be appointed to take any and all such
steps as may be required for the implementation of
the Plan.
SECTION That this Resolution shall be in full force and
THREE: effect from and after ~ts adoption and passage in
the manner provided by law.
AYES: Corcoran, Floros, Hoefert, Wilks
NAYS: None
ABSENT: Busse, Clowes
PASSED this 22ndday of December ~ .~ A.D., 1992
APPROVED this 12ndday of December/~/ / ~ W/ ~,/3A.D., 1992
VrLLAGE CLERK /
/
AMENDMENT TO THE
VILLAGE OF MOUNT PROSPECT
FLEXIBLE COMPENSATION PLAN,
HEALTH CARE REIMBURSEMENT PLAN AND
DEPENDENT CAP~E ASSISTANCE PLAN
This Amendment is made this 22nd day of December, 1992 by
the Village of Mount Prospect (the "Employer") for the Village of
Mount Prosect Flexible Compensation Plan (the "Flexible
compensation Plan"), the village of Mount Prospect Health Care
Reimbursement Plan (the "Health Care Reimbursement Plan") and the
Village of Mount Prospect Dependent Care Assistance Plan (the
"Dependent Care Assistance Plan" (collectively the "Plans") .
RECITALS
1. The Employer has previously adopted the Plans.
2. The Health Care Reimbursement Plan and the Dependent
Care Assistance Plan form a part of and are incorporated by the
Flexible Compensation Plan.
3. The Employer desires to amend the Plans pursuanu to the
rights reserved to the Employer to amend the Plans as set forth
in Section 7.1 of the Flexible Compensation Plan.
NOW, THEREFORE, the following Amendments are hereby made to
the Plans, effective as of the date of this Amendment.
1. Section 1.3(1) of the Flexible Compensation Plan is
hereby amended to read as follows:
(1) Plan Year: The twelve (12) month period beginning
on May 1st and ending on April 30th; except th6re shall
be a short Plan Year beginning on January 1, 1993 and
ending on April 30, 1993.
2. The paragraph titled "Plan Year" at the bottom of page
I of the Health Care Reimbursement Plan is hereby
amended to read as follows:
Plan Year: The twelve (12) month period beginning on
May 1st and ending on April 30th; except there shall be
a short Plan Year beginning on January 1, 1993 and
ending on April 30, 1993.
3. The paragraph titled "Plan Year" at the bottom of page
1 of the Dependent Care Assistance Plan is hereby
amended to read as follows:
Plan Year: The twelve (12) month period beginning on
May 1st and ending on April 30th; except there shall be
a short Plan Year beginning on January 1, 1993 and
ending on April 30, 1993.
IN WITNESS WHEREOF, the Company has caused this Amendment to
be executed as of the date and year first above written.
VIL~A~ MOUNT PR~
~ VILLAGE ~RESI~ENT / /