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, r, <br /> DEPARTMENT OF FINANCIAL MANAGEMENT <br /> RISK MANAGEMENT DIVISION <br /> MEMORANDUM N0. 92-060 <br /> April 30, 1992 <br /> MEMO T0: James C. Bacon, Jr. <br /> FROM: �"��Gerard J. Bauer, Risk Manager <br /> SUBJECT: COUNCIL RESOLUTION ON FLEXIBLE SPENDING PROGRAM <br /> The attached resolution needs to be adopted by City Council before we can <br /> put management employees who want to pay for their dental insurance premiums <br /> with pretax dollars into the city's flexible spending program. <br /> As you know, the flexible spending program will help these employees "pay" <br /> for their premiums by eliminating their tax liability on the premiums, thereby <br /> slightly increasing spendable income from what it would otherwise be if <br /> premiums were paid after taxes. <br /> Thank you for your attention to this matter. Please let me know if you <br /> have any questions about this request. <br /> GJB/dly <br /> attachment <br /> cc: Beth Couter <br />