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: The Council President
At the request of: The Administration (Department of Finance)
A BILL ENTITLED
AN ORDINANCE concerning
title
Change to Grow: 10-Year Plan - Employees’ Retirement System - Benefits
FOR the purpose of requiring that, effective with the first full payroll period after July 1, 2013, members of the Employees’ Retirement System make a contribution to the System each payroll period equal to a percentage of their authorized salary; providing for the required employee contributions to be treated, for federal income tax purposes, as pre-tax contributions; providing that, for certain members who terminate City employment before retirement, the required employee contributions, with interest, will be payable to those members; discontinuing the variable post-retirement benefit increase; making the provisions of this Ordinance severable; providing for a special effective date; and generally relating to the Employees’ Retirement System of the City of Baltimore.
body
BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 1(9)(i) and (10), 9(c)(5), 9(d)(7), and 17.1(a)
Baltimore City Code
(Edition 2000)
BY adding
Article 22 - Retirement Systems
Section(s) 8(d), 9(d)(7), 9(m)(1)(D), 9(m)(7a), and 17.2
Baltimore City Code
(Edition 2000)
SECTION 1. BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE, That the Laws of ...
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