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• t <br /> DEPARTMENT OF FINANCIAL MANAGEMENT <br /> RISK MANAGEMENT DIVISION <br /> MEMORANDUM NO. 96-063 <br /> June 24, 1996 <br /> MEMO TO: Mayor and City Council <br /> FROM: Daniel R. Sommerfeldt, Acting City Manager <br /> Beth B. Couter, Director of Financial Management <br /> Gerard J. Bauer, Risk Manager <br /> SUBJECT: Flexible Spending Program for Fire Personnel <br /> Attached please find a resolution amending the City of Decatur's Flexible Spending <br /> Program adoption agreement. The amendment provides for fire fighter participation in the <br /> program, per the latest agreement between the City and Local 505 of the International <br /> Association of Fire Fighters. <br /> As you know, the Flexible Spending Program allows employees to pay for group <br /> insurance premiums, and unreimbursed medical and dependent care expenses on a pret� basis, I <br /> thereby reducing income tax liability and increasing spendable income for participants. �, <br /> Authority for this widely used benefit comes from Section 125 of the U. S. Internal Revenue �' <br /> Code. <br /> The program has been in effect for management and general service employees since <br /> January l, 1992, and for police officers since January 1 of this year. The Risk Management <br /> Division would be glad to answer any questions you might have about this program. We request <br /> your approval of this resolution. Thank you. <br /> attachment <br />