City of Baltimore - File #: 12-0088

• File #: 12-0088
• Version: 0
• Name: Employees', Elected Officials', and Fire and Police Employees' Retirement Systems - Technical Revisions
• Type: Ordinance
• Status: Enacted
• File created: 6/4/2012
• In control: City Council
• Final action: 6/26/2012
• Enactment #: 12-43
• Title: Employees', Elected Officials', and Fire and Police Employees' Retirement Systems - Technical Revisions FOR the purpose of providing that the Employees', Elected Officials', and Fire and Police Employees' Retirement Systems need comply only with a "reasonable good faith interpretation" of Internal Revenue Code § 401(a)(9); expanding the vehicles into which eligible distributions from these Systems can be rolled over, to include qualified defined benefit plans, § 403(b) tax-deferred annuity plans, certain § 457(b) plans, and Roth IRAs; permitting non-spouse beneficiaries of Systems members to make rollovers; removing a restriction on rollovers by surviving spouses of members of the Employees' and Elected Officials' Systems; clarifying the availability of the non-line-of-duty death benefit for members of the Fire and Police Employees' System who are on military service; applying cost-of-living adjustments to increase the $160,000 limit on annual Fire and Police Employees' Retirement S...
• Sponsors: City Council President (Administration)
• Indexes: Elected Officials, Employees Retirement System, Fire & Police Retirement Systems, Revisions

Date	Ver.	Action By	Action	Result
6/26/2012	0	Mayor	Signed by Mayor
6/25/2012	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
6/25/2012	0	City Council	Advanced to 3rd Rdr., Adopted Comm. Report
6/25/2012	0	City Council	Approved and Sent to the Mayor
6/18/2012	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/7/2012	0	The City Council	Referred for a Report
6/4/2012	0	City Council	Introduced
6/4/2012	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 (Retirement Systems)

A BILL ENTITLED

AN ORDINANCE concerning
title
Employees', Elected Officials', and Fire and Police Employees' Retirement Systems - Technical Revisions

FOR the purpose of providing that the Employees', Elected Officials', and Fire and Police Employees' Retirement Systems need comply only with a "reasonable good faith interpretation" of Internal Revenue Code § 401(a)(9); expanding the vehicles into which eligible distributions from these Systems can be rolled over, to include qualified defined benefit plans, § 403(b) tax-deferred annuity plans, certain § 457(b) plans, and Roth IRAs; permitting non-spouse beneficiaries of Systems members to make rollovers; removing a restriction on rollovers by surviving spouses of members of the Employees' and Elected Officials' Systems; clarifying the availability of the non-line-of-duty death benefit for members of the Fire and Police Employees' System who are on military service; applying cost-of-living adjustments to increase the $160,000 limit on annual Fire and Police Employees' Retirement System benefits under § 415 of the Internal Revenue Code and applying those cost-of-living adjustments to retired members of the Fire and Police Employees' Retirement System; conforming certain provisions to the Internal Revenue Code; correcting, clarifying, and conforming related provisions; providi...