(1) There is hereby established a separate account to be known as the Section 125 account to pay employee section 125 related claims.

(2) The account shall be used to hold each participating employee’s contributions until such time as the employee requests reimbursement for health care, dependent care and/or other qualifying expenses. Any employee contributions left in the account at the end of the plan year shall be forfeited by the employee. Those forfeitures and any interest earned will be used by the county to offset any administrative costs of this program.

(3) The director of finance shall have the responsibility for the financial administration of the account and shall maintain separate records showing receipts and disbursements for the account. The department of finance may establish rules and regulations for the financial administration of the account. The director of finance shall make necessary payroll deductions in accordance with written authorizations from participating employees to provide employee contributions. (Added by Ord. 11-036, June 22, 2011, Eff date July 22, 2011; Amended by Ord. 17-010, Apr. 5, 2017, Eff date Apr. 17, 2017).