City of Baltimore - File #: 18-0105R

• File #: 18-0105R
• Version: 0
• Name: Legislative Oversight Hearing - Employees’ Retirement System and Retirement Savings Plan
• Type: City Council Resolution
• Status: Withdrawn
• File created: 10/15/2018
• In control: City Council
• Final action: 6/24/2019
• Title: Legislative Oversight Hearing - Employees’ Retirement System and Retirement Savings Plan For the purpose of requesting the Employees’ Retirement System Board of Trustees chairs and members from the current term of office and last term of office and the Retirement Savings Plan Board of Trustees chairs and members from the current term of office and last term of office, the current and preceding executive directors of the Employees’ Retirement System and the Retirement Savings Plan, the Operations Manager of the Retirement Savings Plan, the Chief Investment Officer of the Employees’ Retirement System, and the City Solicitor to report to the City Council on the workings of the Employees’ Retirement System and the Retirement Savings Plan; to clarify how pension funds are managed; and to identify measures that can be implemented to make both the Employees’ Retirement System (“ERS”) and the Retirement Savings Plan (“RSP”) more transparent to the employees of Baltimore City.
• Sponsors: President Young, Bill Henry, Sharon Green Middleton, Brandon M. Scott, Eric T. Costello, Leon F. Pinkett, III, Ryan Dorsey, Kristerfer Burnett, Zeke Cohen, Robert Stokes, Sr., Shannon Sneed, Mary Pat Clarke, Edward Reisinger, John Bullock, Isaac "Yitzy" Schleifer
• Indexes: Employees Retirement System, Legislative Oversight Hearing, Retirement Savings Plan

Date	Ver.	Action By	Action	Result
6/24/2019	0	City Council	Withdrawn
10/18/2018	0	The City Council	Refer to Retirement Savings Plan Board of Trustees
10/18/2018	0	The City Council	Refer to Dept. of Finance
10/18/2018	0	The City Council	Refer to Inspector General
10/18/2018	0	The City Council	Refer to Office of the Comptroller
10/18/2018	0	The City Council	Refer to City Solicitor
10/18/2018	0	The City Council	Refer to Employees' Retirement System
10/15/2018	0	City Council	Assigned
10/15/2018	0	City Council	Introduced
10/15/2018	0	Judiciary and Legislative Investigations	Scheduled for a Public Hearing

* 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 Young


A Resolution Entitled

A Council Resolution concerning
title
Legislative Oversight Hearing - Employees’ Retirement System and Retirement Savings Plan
For the purpose of requesting the Employees’ Retirement System Board of Trustees chairs and members from the current term of office and last term of office and the Retirement Savings Plan Board of Trustees chairs and members from the current term of office and last term of office, the current and preceding executive directors of the Employees’ Retirement System and the Retirement Savings Plan, the Operations Manager of the Retirement Savings Plan, the Chief Investment Officer of the Employees’ Retirement System, and the City Solicitor to report to the City Council on the workings of the Employees’ Retirement System and the Retirement Savings Plan; to clarify how pension funds are managed; and to identify measures that can be implemented to make both the Employees’ Retirement System (“ERS”) and the Retirement Savings Plan (“RSP”) more transparent to the employees of Baltimore City.
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Recitals

The Employees’ Retirement System Board of Trustees has fiduciary and plenary authority over the administration of the Employees’ Retirement System’s programs and investments. The Retirement Savings Plan Board of Trustees, formed in 2014, evaluates the investment performance of the Retirement Savings Plan fund line-up on a quarterly basis and also initiates and asse...