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13-0223

Change to Grow: 10-Year Plan - Employees’ Retirement System - Benefits FOR the purpose of requiring that, effective with the first full payroll period after July 1, 2013, members of the Employees’ Retirement System make a contribution to the System each payroll period equal to a percentage of their authorized salary; providing for the required employee contributions to be treated, for federal income tax purposes, as pre-tax contributions; providing that, for certain members who terminate City employment before retirement, the required employee contributions, with interest, will be payable to those members; discontinuing the variable post-retirement benefit increase; making the provisions of this Ordinance severable; providing for a special effective date; and generally relating to the Employees’ Retirement System of the City of Baltimore.

Ordinance Enacted Introduced April 29, 2013
Committee
City Council
Introduced
April 29, 2013
Passed
July 12, 2013
Enactment no.
13-144