Baltimore City Council
Meeting Name: Taxation, Finance and Economic Development Committee Agenda status: Final
Meeting date/time: 5/12/2016 10:00 AM Minutes status: Final  
Meeting location: Du Burns Council Chamber, 4th floor, City Hall
16-0634
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
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16-0634 0 Employees' Retirement System and Elected Officials' Retirement System - Actuarial Assumptions; Benefit Payments - Clarifications and ModificationsOrdinanceEmployees' Retirement System and Elected Officials' Retirement System - Actuarial Assumptions; Benefit Payments - Clarifications and Modifications FOR the purpose of modifying the definitions of "employee", "regular interest" (for valuation purposes), and "actuarial equivalent"; changing the frequency of actuarial experience studies; clarifying the Board of Trustees' authority over System staff hiring and compensation; providing for distribution of accumulated contributions; changing eligibility for death benefits payable to surviving spouses and minor children; amending certain provisions to reflect current administrative practices; correcting, clarifying, and conforming related provisions; providing for a special effective date; and generally relating to the Employees' Retirement System and the Elected Officials' Retirement System.Recommended Favorably with AmendmentPass Action details Not available