EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL
Introduced by: Councilmembers Kraft and Clarke
A BILL ENTITLED
AN ORDINANCE concerning
title
Fire and Police Employees' Retirement System - Minimum Benefits
FOR the purpose of repealing a length-of-service requirement for the minimum benefit provided spousal beneficiaries; providing for a special effective date; and generally relating to the Fire and Police Employees' Retirement System of the City of Baltimore.
body
BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 34(s-1)
Baltimore City Code
(Edition 2000)
SECTION 1. BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE, That the Laws of Baltimore City read as follows:
Baltimore City Code
Article 22. Retirement Systems
Subtitle - Fire and Police Employees' Retirement Systems
§ 34. Benefits.
(s-1) Minimum benefits for beneficiaries effective July 1, 2010.
(1) If a spousal beneficiary of a sworn member who, before August 1, 1996, retired or died while in service [with 20 or more years of service] is receiving periodic retirement benefits from this System as of June 30, 2010, in an annual amount that is less than $16,000, that beneficiary shall receive an increase in his or her periodic retirement benefits so that the annual amount of those benefits equals $16,000. This increase shall be payable with the first full payroll period beginning after July 1, 2010.
(2) If a spousal beneficiary of a sworn member who, before August 1, 1996, retired or died while in service [with 20 or more years of service] commences receiving benefits from this System on or after July 1, 2010, the annual amount of that beneficiary's periodic retirement benefits shall be not less than $16,000.
(3) If a spousal beneficiary's retirement benefits under this System are subject to a domestic relations order, the annual amount of that beneficiary's benefits prior to assignment under that order shall be used in determining whether the beneficiary is eligible for the minimum benefit under this subsection.
SECTION 2. AND BE IT FURTHER ORDAINED, That the catchlines contained in this Ordinance are not law and may not be considered to have been enacted as a part of this or any prior Ordinance.
SECTION 3. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted.
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