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 - Fire and Police Employees’ Retirement System - Retirement Savings Plan
FOR the purpose of amending the provisions governing the Fire and Police Employees’ Retirement System to establish new eligibility, contribution, and benefit provisions for members initially employed or reemployed on or after a certain date; amending the Retirement Savings Plan to require these newly employed or reemployed employees to become members of the Retirement Savings Plan, subject to certain eligibility, contribution, and benefit provisions; providing that these newly employed or reemployed members are not eligible to receive a job removal benefit or to participate in DROP 1; defining certain terms; reconstituting the Board of Trustees of the Retirement Savings Plan; providing for a special effective date; and generally relating to the Fire and Police Employees’ Retirement System of Baltimore City and the Retirement Savings Plan of Baltimore City.
body
BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 32(f)(1), 34(a-1), (a-2), (a-3), (b-1)(4), (b-2), (d)(3), and (j-1)(1),
36(b)(3),and 36C(c)(1-b)(B)
Baltimore City Code
(Edition 2000)
BY adding
Article 22 - Retirement Systems
Section(s) 34...
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