RECOMMENDATION(S):
APPROVE the Contra Costa County Section 125 Benefits Plan as amended and restated, effective January 1, 2020, and AUTHORIZE the Plan Administrator to take all necessary actions to implement the revised plan.
FISCAL IMPACT:
There is no additional fiscal impact to County in implementing the revised plan.
BACKGROUND:
The Contra Costa County Section 125 Benefits Plan (“Plan”) provides eligible employees with options among certain taxable and nontaxable benefits, including medical, dental and vision plans, Health Care Spending Accounts (HCSA), the Dependent Care Assistance Program (DCAP), and Health Savings Accounts (HSA) offered through the County or Public Employees' Medical & Hospital Care Act (PEMHCA). The Plan is intended to qualify as a cafeteria plan under Section 125 of the Internal Revenue Code of 1986 and is to be interpreted in a manner consistent with the requirements of the Code.
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