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REQUEST FOR OU CI L ACTION DATE: 12/13/93 <br /> ITEM! NO. : � <br /> Depart t Approval: Manager Reviewed. <br /> Agenda a section* <br /> Consent Agenda <br /> Y <br /> Item Description: Flexible Benefit Plan. <br /> Background <br /> At the November 8 Council meeting, the City Council adept a new flexible t��� action t� <br /> benefit plan for regular full-time and regular <br /> Part-time employees of the it o <br /> f Roseville. Since then, staff has <br /> been working with the City Attorne "s Office to draft the formal <br /> Cafeteria flan Document, <br /> Attached is the final draft of the formal plan document <br /> This document reflects the plan a dopted b the Council <br /> on November 8 with one <br /> exception: the option for a contribution to a deferred compensation <br /> plan was eliminated. This change is necessary ecause <br /> not allow an employer � � I.F�.�t rubs d� <br /> contribution to a deferred compensation plan set <br /> up under Code section 457 , is p <br /> maintains} <br /> � what the �it� �f Roseville <br /> However, those employees who wish to, may take a cash open benefit�t and, on own, a deferred compensation <br /> account and use the money for <br /> this purpose, <br /> COUNCIL ACTION REQUESTED: <br /> Motion formally adopting the attached tan do <br /> Roseville employees. p �um�nt for City �f <br /> 61 <br />