Knowledgebase-A Resolution Establishing a Section 125 Cafeteria Plan for Employees


Information Product

Title:A Resolution Establishing a Section 125 Cafeteria Plan for Employees
Summary:A resolution of the Town of Pittman Center, Tennessee, authorizing the establishment of a Section 125 cafeteria plan for employees
Original Author:Hardy, Pat
Co-Author:
Product Create Date:01/03/2006
Last Reviewed on::01/03/2017
Subject:Personnel--Flexible benefit plans; Personnel--Fringe benefits; Personnel--Municipal resolutions
Type:Resolution
Original Document: Resolution Establishing a Section 125 Cafeteria Plan for Employees.pdf

Reference Documents:

Text of Document: RESOLUTION NO.

A RESOLUTION OF THE TOWN OF PITTMAN CENTER, TENNESSEE
AUTHORIZING THE ESTABLISHMENT OF A SECTION 125 CAFETERIA PLAN FOR EMPLOYEES
WHEREAS , the Town of Pittman Center provides employees with certain benefits, including partially funded health insurance, and;

WHEREAS, each employee must contribute to this plan, and;

WHEREAS , employee spending on health care and related services can be significant, and;

WHEREAS , Section 125 of the Federal Revenue Act of 1978 authorizes the establishment of Section 125 Cafeteria Plans for public sector employees, and;

WHEREAS , such a plan allows employees to pay for certain eligible expenses on a pre- tax basis, thereby saving both the employee and the Town of Pittman Center the cost of certain taxes, including payroll taxes.

NOW, THEREFORE be it resolved by the Board of Mayor and Aldermen of the Town of Pittman Center that the Town is hereby authorized to establish and implement a "Section 125 Cafeteria Plan" for its employees, in accordance with provisions of Section 125 of the Revenue Act of 1978.




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