* 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 R
(Resolution)
Introduced by: President Rawlings-Blake
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
Title
Informational Hearing - Retirement Benefit Enhancement
FOR the purpose of requesting the Executive Director of the Employee's Retirement System to report to the City Council on the feasibility of providing optional benefit improvements to better reflect the City's appreciation of it's dedicated workforce; to compare the benefits provided to public safety personnel with those provided for the rest of the city workforce; to present an analysis of the most appropriate and cost-effective benefit enhancements that could be made available to members of the Retirement System; to provide a comparison of benefit enhancements available with mandatory employee contribution, with cost-sharing between employee and employer, as well as cost-neutral options; to contrast the benefits provided to Baltimore City employees with those enjoyed by employees of governmental units of similar size and characteristics and well as the benefits enjoyed by members of Retirement Systems in other subdivisions within the State of Maryland.
Body
Recitals
As Baltimore City retirees continue to face growing price inflation the ability of many retirees to meet their financial responsibilities has become increasingly precarious and there is growing concern about the raising cost of medical benefits. The results of AARP Maryland member opinion research s...
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