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: Councilmembers Kraft and Clarke
A BILL ENTITLED
AN ORDINANCE concerning
title
Fire and Police Employees' Retirement System - Minimum Benefits
FOR the purpose of repealing a length-of-service requirement for the minimum benefit provided spousal beneficiaries; 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) 34(s-1)
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 Systems
§ 34. Benefits.
(s-1) Minimum benefits for beneficiaries effective July 1, 2010.
(1) If a spousal beneficiary of a sworn member who, before August 1, 1996, retired or died while in service [with 20 or more years of service] is receiving periodic retirement benefits from this System as of June 30, 2010, in an annual amount that is less than $16,000, that beneficiary shall receive an increase in his or her periodic retirement benefits so that the annual amount of those benefits equals $16,000. This increase shall be payable with the first full payroll period beginning after July 1,...
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