Item Coversheet

Council Communication

Department: Human Resources
Case/Project No.:
Submitted by: Stacie Jensen, Director of Human Resources 		Resolution 24-217
ITEM 4.I.		Council Action: 8/12/2024
Description

Resolution approving the updates of Policy 502 Educational Assistance.
Background/Discussion

By law, tax-free benefits under an educational assistance program are limited to $5,250 per employee per year. The City needed to add the IRS tax-free benefit limitation to the policy. The City took the opportunity to compare policies of other municipalities and revised the policy around the IRS regulation. 
Recommendation

Approving the resolution will ensure City continues to offer competitive benefits in a fiscally responsible manner while meeting federal regulations and industry best practices. Policy review and updates ensure the City's policies are consistent and effective.     
ATTACHMENTS:
DescriptionTypeUpload Date
Policy 502 redlineResolution8/2/2024
Policy 502 cleanResolution8/2/2024
Resolution 24-217Resolution8/7/2024