Agenda - Council - 12/17/1991 - Laserfiche WebLink

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Section 13.4. Dependent Care Assistance Benefits. (a) Subject to limitations contained in other provisions of this Plan, and to the extent of the amount contained in the participant's Dependent Care Assistance Account, a participant who incurs expenses for dependent care assistance attributable to him/herself, spouse, or dependents shall be entitled to receive from the City full reimbursement for the entire amount of such expenses incurred after the effective date of this Plan. An employee who becomes eligible after the effective date of this Plan may be enrolled on January 1. (b) City of: The City shall pay all such expenses to the participant upon the presentation to the (i) the participant's claim for reimbursement, (ii) a written statement from an independent third party (i.e. the dependent care provider) stating the expense incurred for which reimbursement is sought and the amount of that expense, (iii) proof of payment, and (iv) the tax identification number of the dependent care provider. Depending on the type of claim, evidence of the claim may include a copy of a provider bill or statement or other similar information. (c) For eligible dependent care expenses, no payment for expenses incurred during the Plan Year can at any time exceed the balance in the participant's dependent care reimbursement account. (d) In the event that a participant ceases to be an employee with the City, the participant may still request reimbursement for qualifying expenses for the remainder of the Plan Year as long as the qualifying dependent care assistance expenses were incurred within the same Plan Year. No reimbursement to a fom'~er employee, however, shall exceed the remaining balance, if any, in the former employee's Dependent Care Assistance Account for the Plan Year in which the qualifying dependent care assistance expenses under this Section 13.4 were incurred. Section 13.5. Limitations on Assistance Benefits. (a) The maximum amount which the employee may contribute to the fund for dependent care assistance is the lesser of: (i) $5,000 ($2,500 in the case of a separate return by a married individual) per calendar year. (ii) For a taxpayer who is unmarried at year end, an amount no more than his or her earned income that year. (iii) For a taxpayer who is married at year end, an amount no greater than the lesser of the earned income of the taxpayer, or the earned income of the taxpayer's spouse, for that year. (iv) If the spouse is physically or mentally disabled or is a full-time student at an educational institution for at least 5 months in the year, the spouse has an assumed income 14