Change to Grow: 10-Year Plan - Retirement Savings Plan FOR the purpose of establishing a new tax-qualified defined contribution plan (the "Retirement Savings Plan of the City of Baltimore") for the benefit of certain employees initially employed or reemployed by the City of Baltimore on or after a certain date; providing for the administration of the Plan; requiring Plan members and the City to make certain contributions to the Plan each payroll period; permitting Plan members to select from among various investment options; imposing certain vesting rules for City contributions; providing that a member's account balance will be distributed upon certain events; defining certain terms; correcting, clarifying, and conforming related provisions; providing for a special effective date; and generally relating to the Retirement Savings Plan of the City of Baltimore.

Committee

City Council

Introduced

July 15, 2013

Passed

May 7, 2014

Enactment no.

14-216