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Legislation #: 030043 Introduction Date: 1/9/2003
Type: Ordinance Effective Date: 1/26/2003
Sponsor: None
Title: Authorizing the City Manager to execute an Adoption Agreement establishing an accumulated leave plan to be provided by ING Life Insurance and Annuity Company.

Legislation History
DateMinutesDescription
1/9/2003

Prepare to Introduce

1/9/2003

Referred Finance and Audit Committee

1/15/2003

Advance and Do Pass as a Committee Substitute

1/16/2003

Passed as Substituted


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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.

 

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Approved as to form and legality:

 

 

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Assistant City Attorney