City of Baltimore - File #: 08-0220

• File #: 08-0220
• Version: 0
• Name: Fire and Police Employees' Retirement System - Benefits - Post-Retirement Increases
• Type: Ordinance
• Status: Withdrawn
• File created: 10/27/2008
• In control: City Council
• Final action: 5/18/2009
• 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 the method for determining annual post-retirement increases; modifying certain System interest rate assumptions; discontinuing the current variable method for determining those increases and establishing a guaranteed fixed annual increase to be paid to System retirees and beneficiaries; discontinuing the utilization of certain existing System accounting reserves; clarifying, correcting, and conforming related provisions; 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
5/18/2009	0	City Council	Withdrawn by Request of the Mayor
5/18/2009	0	City Council	Withdrawn
2/23/2009	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
10/30/2008	0	The City Council	Referred for a Report
10/30/2008	0	The City Council	Referred for a Report
10/30/2008	0	The City Council	Referred for a Report
10/30/2008	0	The City Council	Referred for a Report
10/27/2008	0	City Council	Introduced
10/27/2008	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 (Finance Department)

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 the method for determining annual post-retirement increases; modifying certain System interest rate assumptions; discontinuing the current variable method for determining those increases and establishing a guaranteed fixed annual increase to be paid to System retirees and beneficiaries; discontinuing the utilization of certain existing System accounting reserves; clarifying, correcting, and conforming related provisions; 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), 34(i)(6)(E), 36(j)(3)(i), 36A(intro), (a)(1)(i), and (d)(ii)(D), and 36B(m)
Baltimore City Code
(Edition 2000)

BY renumbering, with amendments
Article 22 - Retirement Systems
Section(s) 36A
to be
Section 36A-1
Baltimore City Code
(Edition 2000)

BY adding
Article 22 - Retirement Systems
Section(s) 36A-2
Baltimore City Code
(Edition 2000)

SECTION 1. BE IT ORD...