Printer Friendly Version
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.
as to form and legality: