City of Baltimore - File #: 14-0457

• File #: 14-0457
• Version: 0
• Name: Employees' Retirement System - Retirement Savings Plan - Clarifications
• Type: Ordinance
• Status: Enacted
• File created: 12/4/2014
• In control: City Council
• Final action: 3/3/2015
• Enactment #: 15-329
• Title: Employees' Retirement System - Retirement Savings Plan - Clarifications FOR the purpose of clarifying certain reemployment rules for Class D members of the Employees' Retirement System; characterizing the Retirement Savings Plan more specifically; changing the composition of the Plan’s Board of Trustees; providing that members may elect to invest non-vested employer contributions in certain investment funds; clarifying the Plan’s matching contribution formula; providing a special rule for certain Plan death benefits; providing for a special effective date; and generally relating to the Employees’ Retirement System and the Retirement Savings Plan.
• Sponsors: City Council President (Administration)
• Indexes: Clarification, Employees Retirement System, Retirement Savings Plan

Date	Ver.	Action By	Action	Result
3/3/2015	0	Mayor	Signed by Mayor
2/23/2015	0	City Council	Approved and Sent to the Mayor
2/9/2015	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
2/9/2015	0	City Council	Advanced to 3rd Reader, for Final Passage
1/26/2015	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
12/9/2014	0	The City Council	Referred for a Report
12/9/2014	0	The City Council	Referred for a Report
12/9/2014	0	The City Council	Referred for a Report
12/9/2014	0	The City Council	Referred for a Report
12/9/2014	0	The City Council	Referred for a Report
12/9/2014	0	The City Council	Referred for a Report
12/4/2014	0	City Council	Introduced
12/4/2014	0	City Council	Assigned

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
Employees' Retirement System - Retirement Savings Plan - Clarifications
FOR the purpose of clarifying certain reemployment rules for Class D members of the Employees' Retirement System; characterizing the Retirement Savings Plan more specifically; changing the composition of the Plan’s Board of Trustees; providing that members may elect to invest non-vested employer contributions in certain investment funds; clarifying the Plan’s matching contribution formula; providing a special rule for certain Plan death benefits; providing for a special effective date; and generally relating to the Employees’ Retirement System and the Retirement Savings Plan.
body

BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 9.2(l)(1)(ii), (2)(i)(A), and (2)(ii)(A)
Baltimore City Code
(Edition 2000)

BY repealing and reordaining, with amendments
Article 22A - Retirement Savings Plan
Section(s) 1-5(a)(1), 2-2, 2-3(c)(2), 2-7(b), 2-10(b), 5-3(d)(1), and
6-2(a)(1), (b)(2), (b)(4), (c), (d), and (e)
Baltimore City Code
(Edition 2000)

BY repealing
Article 22A - Retirement Savings Plan
Section(s) 6-2(h)
Baltimore City Code
(Edition 2000)


BY adding
Article 22A - Retirement Savings Plan
Section(s) 9-4(f)
Baltimore City Code
(Edi...