[§78-30]  Cafeteria plans.  (a)  Each
chief executive may establish a wage and salary reduction benefit program which
qualifies as a cafeteria plan within the meaning of section 125 of the Internal
Revenue Code of 1986, as amended.  The cafeteria plan shall allow eligible
employees to elect to reduce their pretax compensation in return for payment by
the jurisdiction of the expenses of eligible benefits.



(b)  In addition to any other powers and duties
authorized by law, each chief executive may enter into all contracts necessary
to establish, administer, or maintain the cafeteria plans.



(c)  The contributions, interest earned, and
forfeited participant balances may be held in trust outside of the
jurisdiction's treasury for the benefit of the participants and the plan.  The
funds in trust shall not be subject to the jurisdiction's general creditors. 
Interest earned or forfeited participant balances may be used to defray
participant fees and other administrative costs. [L 2000, c 253, pt of §74]