Baltimore City Council
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File #: 20-0603    Version: 0 Name: Retirement Savings Plan - Clarifications
Type: Ordinance Status: Enacted
File created: 9/21/2020 In control: City Council
On agenda: Final action: 12/2/2020
Enactment #: 20-458
Title: Retirement Savings Plan - Clarifications For the purpose of clarifying the definition of “earnable compensation” for the members of the Retirement Savings Plan; clarifying that any employee of the Enoch Pratt Free Library System, who is not eligible to participate in the Maryland State Retirement and Pension System, is considered able to be a member of the Retirement Savings Plan; clarifying that any employee of the Baltimore Museum of Art or the Walters Art Gallery is not considered to be an employee for purposes of the Retirement Savings Plan; eliminating the time period limit for when an employer contribution made by mistake may be returned to the participating employer after payment of the mistaken contribution; modifying the composition of the Board of Trustees of the Retirement Savings Plan; modifying the qualifications needed by certain Trustees appointed to the Board; clarifying the term of office for appointed Trustees; clarifying that the Board is responsible for any other as...
Sponsors: City Council President (Administration)
Indexes: Clarification, Retirement Savings Plan
Attachments: 1. 20-0603~1st Reader, 2. City Council Bill 20-0603 Response, 3. ESR 20-0603, 4. RSP 20-0603, 5. Meeting Agenda - 20-0603, 6. Finance 20-0603, 7. Law 20-0603, 8. TFED Bill Synopsis 20-0603 FINAL COPY, 9. HR 20-0603, 10. TF&ED - Hearing Notes - CC20-0603(2), 11. Bill 20-0603 ERS Amendment, 12. Final Minutes - CC20-0603, 13. 2nd Reader Amendments 20-0603, 14. Form - Hearing Notes - Edit 2 CC20-0603, 15. 20-0603~3rd Reader, 16. Signed Ordinance 20-0603
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
12/7/20200 Mayor Signed by Mayor  Action details Meeting details Not available
11/16/20200 City Council Approved and Sent to the Mayor  Action details Meeting details Not available
11/2/20200 City Council 3rd Reader, for final passage  Action details Meeting details Not available
11/2/20200 Taxation, Finance and Economic Development Committee Recommended Favorably with Amendment  Action details Meeting details Not available
10/29/20200 Taxation, Finance and Economic Development Committee Recommended Favorably with AmendmentPass Action details Meeting details Not available
10/19/20200 Taxation, Finance and Economic Development Committee Scheduled for a Public Hearing  Action details Meeting details Not available
9/24/20200 The City Council Refer to Retirement Savings Plan Board of Trustees  Action details Meeting details Not available
9/24/20200 The City Council Refer to Dept. of Finance  Action details Meeting details Not available
9/24/20200 The City Council Refer to Labor Commissioner  Action details Meeting details Not available
9/24/20200 The City Council Refer to Dept. of Human Resources  Action details Meeting details Not available
9/24/20200 The City Council Refer to City Solicitor  Action details Meeting details Not available
9/24/20200 The City Council Refer to Employees' Retirement System  Action details Meeting details Not available
9/21/20200 City Council Introduced  Action details Meeting details Not available
9/21/20200 City Council Assigned  Action details Meeting details Not available
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 (Employees’ Retirement Systems)

A Bill Entitled

An Ordinance concerning
title
Retirement Savings Plan - Clarifications
For the purpose of clarifying the definition of “earnable compensation” for the members of the Retirement Savings Plan; clarifying that any employee of the Enoch Pratt Free Library System, who is not eligible to participate in the Maryland State Retirement and Pension System, is considered able to be a member of the Retirement Savings Plan; clarifying that any employee of the Baltimore Museum of Art or the Walters Art Gallery is not considered to be an employee for purposes of the Retirement Savings Plan; eliminating the time period limit for when an employer contribution made by mistake may be returned to the participating employer after payment of the mistaken contribution; modifying the composition of the Board of Trustees of the Retirement Savings Plan; modifying the qualifications needed by certain Trustees appointed to the Board; clarifying the term of office for appointed Trustees; clarifying that the Board is responsible for any other assets assigned to the Board by the City; clarifying certain provisions and language regarding the selection of Board Officers and their compensation; clarifying that administrative expenses of the Retirement Savings Plan and in the management of Plan assets may only be paid out of certain forfeitures or the unallocated Plan As...

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