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HomeMy WebLinkAboutO90-41 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 ORDINANCE NO. ~0-~/ AN ORDINANCE OF THE CITY COM~ISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, PROVIDING FOR AMENDMENT TO CHAPTER 18 OF THE CODE OF ORDINANCES TO ADD A NEW SECTION PROVIDING FOR CREATION OF AN INTERNAL REVENUE SERVICE CODE SECTION 125-FLEXIBLE BENEFIT PLAN; PROVIDING FOR AMENDMENT TO SECTION 18-55 TO REDEFINE ANNUAL EARNINGS; PROVIDING A CONFLICTS CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING AUTHORITY TO CODIFY; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the City Commission of the City of Boynton Beach desires to provide employees of the City that currently p rtlclpate in the group insurance program to have those premium - dollars paid to their insurance carrier prior to being taxed, and accordingly desire the adoption of an Internal Revenue Service Code Section 125-Flexible Benefit Plan for insurance premiums only; NOW, CITY OF BOYNTON BEACH, FLORIDA: Section 1. Chapter 18 amended to add a new Article VI Article VI. Flexible Benefit Plan. THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE of the Code as follows: of Ordinances is . Section 18-197. Authorized. The City Commission hereby authorizes adoption and creation of an Internal Revenue Service Code Section 125 - Flexible Benefit Plan for insurance premiums only Section 18-198. Payroll Deductions. Thn City of Boynton Beach shall implement payrol] deductions in conformity with the Flexible Benefit Plan and the Internal Revenue Code Section 125, as amended from time to time. Section 18-199. Pension Plan Contributions. Ail pension contribution calculations shall b~ based~ upon an employee's actual qross earninqs without takinq into account the dollar amount of Page 1 of 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 1 2 3 any flexible benefits Drovided pursuant to thin Article. Section 2. Article II, Section 18-55 of the Code of Ordinances is amended as follows: Annual Earnings. Gross earnings received by the employee as compensation for services to the City, including overtime pay. Bonuses shall be excluded. Flexible benefits shall be excluded. Section 3. That all ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed. Section 4. Should any section or provision of this ordinance or portion hereof, any paragraph, sentence, or word be declared by a court of competent jurisdiction to be invalid, such decision shall not affect the remainder of this ordinance. Section 5. Authority is hereby granted to codify said ordinance. Section 6. This immediately upon passage. FIRST READING this SECOND, FINAL 199o. ordinance shall become effective ~'~ day of-~7~;~w~, 1990. READING and PASSAGE this /~ day of .,,FLO~RIDA ~--~Vi~e Mayor Commissi0ne~-- -'~ -~ ~ Co mlss n ATTEST: (~0RP~RATE $ EAL~) ORDINAN9 Page 2 of 2