DLR DRAFT III 13MAY24 DLR DRAFT III 13MAY24
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL
Introduced by: The Council President
At the request of: The Administration (Office of the Mayor)
A BILL ENTITLED
AN ORDINANCE concerning
title
Fire and Police Employees’ Retirement System - Benefits Enhancements
FOR the purpose of amending certain provisions of the Fire and Police Employees’ Retirement System; changing the definition of “average final compensation”; providing a new deferred vested benefit; eliminating the 2-year waiting period for commencement of post-retirement benefit increases; repealing obsolete provisions relating to post-retirement benefit increases; changing the interest earned on DROP 2 accounts; providing for a special effective date; and generally relating to the Fire and Police Employees’ Retirement System.
body
BY repealing and re-ordaining, with amendments, Article 22 - Retirement Systems
Sections 30(11), 34(a-2), new section 34(a-4), and 36C(b)
Baltimore City Code
(Edition 2000)
BY renumbering
Article 22 - Retirement Systems
Sections 34(a-3), 36A(h) to (j), and 36C(q) and (r)
to be
New sections 34(a-4), 36A(b) to (d), and 36C(p) and (q)
Baltimore City Code
(Edition 2000)
BY adding
Article 22 - Retirement Systems
New section 34(a-3)
Baltimore City Code
(Edition 2000)
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.
dlr24-1514(3)~intro/13May24 art22/FPRSBenefits/NM:rf:bgBY repealing
Article 22 - Retirement Systems
Sections 36A(b) to (g) and 36C(p)
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
Fire and Poli...
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