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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 030043
Authorizing the City
Manager to execute an Adoption Agreement establishing an accumulated leave plan
to be provided by ING Life Insurance and Annuity Company.
BE IT ORDAINED BY
THE COUNCIL OF KANSAS CITY:
Section 1. That
the City Manager is hereby authorized to execute an Adoption Agreement
establishing an accumulated leave plan to be provided by ING Life Insurance and
Annuity Company which shelters portions of the vacation and sick leave pay-out
from payroll taxes ordinarily paid by the City and the employee and defers
federal and state taxes ordinarily paid by the employee, for retirees age 55
and older and retiring under the incentive plan set out in Committee Substitute
for Ordinance No. 021393, and others as determined by the City Manager.
_____________________________________________
Approved
as to form and legality:
___________________________________
Assistant
City Attorney