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DEPARTMENT OF FINANCIAL MANAGEMENT <br /> RISK MANAGEMENT DIVISION <br /> MEMORANDUM NO. 95-140 <br /> November 22, 1995 <br /> MEMO TO: Mayor and City Council <br /> FROM: James C. Bacon, 7r., City Manager <br /> Beth B. Couter, Director of Financial Management <br /> Gerard J. Bauer, Risk Manager <br /> SUB7ECT: Flexible SaendinE Program for Police Personnel <br /> Attached please find a resolution amending the City of Decatur's Flexible Spending <br /> Program adoption agreement. The amendment provides for police officer participation in the <br /> program, per the latest agreement between the City and the Decatur Police Benevolent and <br /> Protective Association Labor Committee. <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 pretax basis, <br /> thereby reducing income tax liability and increasing spendable income for participants. Authority <br /> for this widely used benefit comes from Section 125 of the U. S. Internal Revenue Code. <br /> The program has been in effect for management and general service employees since <br /> January 1, 1992, and will be made available to police officers on January 1, 1996. The Risk <br /> Management Division would be glad to answer any questions you might have about this program. <br /> We request your approval of this resolution. Thank you. <br /> attachment <br />