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.

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Approved as to form and legality:

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Assistant City Attorney