City of Baltimore - File #: 16-0634

• File #: 16-0634
• Version: 0
• Name: Employees' Retirement System and Elected Officials' Retirement System - Actuarial Assumptions; Benefit Payments - Clarifications and Modifications
• Type: Ordinance
• Status: Enacted
• File created: 3/14/2016
• In control: Taxation, Finance and Economic Development Committee
• Final action: 6/21/2016
• Enactment #: 16-488
• Title: Employees' Retirement System and Elected Officials' Retirement System - Actuarial Assumptions; Benefit Payments - Clarifications and Modifications FOR the purpose of modifying the definitions of "employee", "regular interest" (for valuation purposes), and "actuarial equivalent"; changing the frequency of actuarial experience studies; clarifying the Board of Trustees' authority over System staff hiring and compensation; providing for distribution of accumulated contributions; changing eligibility for death benefits payable to surviving spouses and minor children; amending certain provisions to reflect current administrative practices; correcting, clarifying, and conforming related provisions; providing for a special effective date; and generally relating to the Employees' Retirement System and the Elected Officials' Retirement System.
• Sponsors: City Council President (Administration)
• Indexes: Benefits, Elected Officials, Employees Retirement System, Retirement Systems

Date	Ver.	Action By	Action	Result
6/23/2016	0	Mayor	Signed by Mayor
6/13/2016	0	City Council	Approved and Sent to the Mayor
6/6/2016	0	City Council	3rd Reader, for final passage
6/6/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment
5/26/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment	Pass
5/16/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
5/12/2016	0	Taxation, Finance and Economic Development Committee	Recommended Favorably with Amendment	Pass
4/7/2016	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
3/17/2016	0	The City Council	Refer to Employees' Retirement System
3/17/2016	0	The City Council	Refer to Dept. of Finance
3/17/2016	0	The City Council	Refer to Employees' and Elected Officials' Retirement Systems
3/17/2016	0	The City Council	Refer to Labor Commissioner
3/17/2016	0	The City Council	Refer to Dept. of Human Resources
3/17/2016	0	The City Council	Refer to City Solicitor
3/14/2016	0	City Council	Assigned
3/14/2016	0	City Council	Introduced

EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
CITY OF BALTIMORE
COUNCIL BILL 16-0634
(First Reader)

Introduced by: The Council President
At the request of: The Administration (Employees? and Elected Officials? Retirement Systems)
Introduced and read first time: March 14, 2016
Assigned to: Taxation, Finance and Economic Development Committee REFERRED TO THE FOLLOWING AGENCIES: City Solicitor, Department of Finance, Labor Commissioner, Department of Human Resources, Employees? Retirement System Board, Elected Officials? Retirement System Board

A BILL ENTITLED

AN ORDINANCE concerning
title
Employees' Retirement System and Elected Officials' Retirement System - Actuarial Assumptions; Benefit Payments - Clarifications and Modifications
FOR the purpose of modifying the definitions of "employee", "regular interest" (for valuation purposes), and "actuarial equivalent"; changing the frequency of actuarial experience studies; clarifying the Board of Trustees' authority over System staff hiring and compensation; providing for distribution of accumulated contributions; changing eligibility for death benefits payable to surviving spouses and minor children; amending certain provisions to reflect current administrative practices; correcting, clarifying, and conforming related provisions; providing for a special effective date; and generally relating to the Employees' Retirement System and the Elected Officials' Retirement System.
body

BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 1(2), 1(9)(ii), 1(19), 3(d), 5(h) and (o), 9(a), 9(b), 9(c), 9(d), 9(d1), 9(e)(intro) and?(6), 9(f...