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Legislation #: 000866 Introduction Date: 6/22/2000
Type: Ordinance Effective Date: 7/16/2000
Sponsor: None
Title: Adopting a Supplemental Retirement Defined Contribution Tax Sheltered Plan and authorizing the City Manager to implement the same according to the Plan provisions.

Legislation History
DateMinutesDescription
6/22/2000

Prepare to Introduce

6/22/2000

Referred Finance and Audit Committee

6/28/2000

Do Pass

6/29/2000

Assigned to Third Read Calendar

7/6/2000

Passed


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ORDINANCE NO. 000866

 

Adopting a Supplemental Retirement Defined Contribution Tax Sheltered Plan and authorizing the City Manager to implement the same according to the Plan provisions.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the City of Kansas City, Missouri, hereby adopts the attached Supplemental Retirement Plan. The Plan is a defined contribution plan that is intended to satisfy the requirements of Sections 401 and 501 of the Internal Revenue Code of 1986 and its associated regulations. The Plan is also intended to be a profit sharing plan as described under the Internal Revenue Code.

 

Section 2. That the City Manager is authorized to implement the payment of employer contributions, consistent with the provisions of Code Section 2-1086(1) from funds to be appropriated, and in accordance with the provisions of the Supplementary Retirement Plan.

 

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Approved as to form and legality:

 

 

 

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Assistant City Attorney