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19-0357
| 0 | | Fire and Police Employees’ Retirement System - Interest, Service Credits, Death Benefits, Direct Deposit, and Technical Corrections | Ordinance | 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 | Recommended Favorably | Pass |
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