City of Baltimore - File #: 09-0348

• File #: 09-0348
• Version: 0
• Name: Fire and Police Employees’ Retirement System - Benefits - Post-Retirement Increases
• Type: Ordinance
• Status: Failed - End of Term
• File created: 6/8/2009
• In control: City Council
• Title: Fire and Police Employees’ Retirement System - Benefits - Post-Retirement Increases FOR the purpose of amending provisions of the Fire and Police Employees’ Retirement System law pertaining to post-retirement increases; modifying certain System interest rate assumptions; discontinuing the utilization of certain existing System accounting reserves; providing for a special effective date; and generally relating to the Fire and Police Employees’ Retirement System of the City of Baltimore.
• Sponsors: City Council President (Administration)
• Indexes: Benefits, Fire & Police Retirement Systems, Increases, Post-Retirement

Date	Ver.	Action By	Action	Result
6/11/2009	0	The City Council	Referred for a Report
6/11/2009	0	The City Council	Referred for a Report
6/11/2009	0	The City Council	Referred for a Report
6/11/2009	0	The City Council	Referred for a Report
6/8/2009	0	City Council	Introduced
6/8/2009	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
Fire and Police Employees’ Retirement System - Benefits - Post-Retirement Increases

FOR the purpose of amending provisions of the Fire and Police Employees’ Retirement System law pertaining to post-retirement increases; modifying certain System interest rate assumptions; discontinuing the utilization of certain existing System accounting reserves; providing for a special effective date; and generally relating to the Fire and Police Employees’ Retirement System of the City of Baltimore.
body
BY repealing and reordaining, with amendments
Article 22 - Retirement Systems
Section(s) 30(9) and 36A(intro)
Baltimore City Code
(Edition 2000)

BY adding
Article 22 - Retirement Systems
Section(s) 36A(h) and (i)
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

Subtitle – Fire and Police Employees’ Retirement System

§ 30. Definitions.

In this subtitle, unless a different meaning is plainly required by the context, the following words and phrases have the meanings indicated:



(9) [“Regular interest” for the Annuity Savings Fund shall mean interest at 5½% per annum com...