Introductory*
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.
City of Baltimore
Council Bill
Introduced by: The Council President
At the request of: The Administration (Fire & Police Employees’ Retirement System)
A Bill Entitled
An Ordinance concerning
title
Fire and Police Employees’ Retirement System - Interest, Service Credits, Death Benefits, Direct Deposit, and Technical Corrections
For the purpose of repealing certain obsolete and obsolescent provisions; changing the definition of regular interest for valuation purposes; clarifying the crediting of military service under certain circumstances; modifying the calculation of the cost of purchasing and transferring prior system service, non-credited City service, former Maryland Police Corps service, and service earned for employment covered under a former non-City pension; expanding the definition of “minor child” for certain purposes; allowing certain spousal beneficiaries age 70 and over to remarry without penalty of losing benefits; allowing new beneficiary elections and survivorship option elections within certain time periods; requiring that, after a certain date and subject to certain exceptions, periodic benefit payments be made electronically; defining certain terms; providing for special effective dates; and generally relating to the Baltimore City Fire and Police Employees’ Retirement System.
body
By repealing
Article 22 - Retirement Systems
Sections 30(7), 32(g), (h-1), (h-2), (h-3), (i), (j), (l), and (m) and 34(i)(2)(F) and (6)
Baltimore City Code
(Edition 2000)
By repealing and reordaining...
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