Baltimore City Council
File #: 24-0532    Version: 0 Name: Fire and Police Employees’ Retirement System - Benefits Enhancements
Type: Ordinance Status: In Committee
File created: 5/16/2024 In control: Education Workforce and Youth
On agenda: Final action:
Enactment #:
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.
Sponsors: Administration City Council
Indexes: Benefits, Fire & Police Retirement Systems
Attachments: 1. 24-0532~1st Reader, 2. F&PRS 24-0532
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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