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Chickasaw supervisors weigh options for $13,000 surplus in employee flexible-spending plan
Summary
Supervisors discussed options to distribute or manage a $13,005.45 balance left in the county's Employee Benefit Systems flex account for plan year FY2023; no final action was taken and staff was directed to get additional tax and payroll guidance.
Chickasaw County supervisors discussed several options Monday for handling a $13,005.45 balance in the county's Employee Benefit Systems (EBS) flexible-spending account tied to plan year FY2023, but they did not decide on a final approach.
The issue matters because, as staff explained at the meeting, federal tax rules and the plan terms limit who can receive leftover flexible-spending money. "The balance is $13,005.45 and 18'," a staff member said.…
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