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Bill 95-17

AN ORDINANCE concerning: Anne Arundel County Employee Retirement Savings Plan

Legislative Day 43
Introduced by by Mr. Grasso, Chairman (by request of the County Executive)
FOR the purpose of establishing the “Anne Arundel County Employee Retirement Savings Plan”; setting an effective date for the plan; defining certain terms; providing who may participate in the plan; establishing the trust for the plan; establishing the contributions to the plan; providing for vesting in the plan; determining normal retirement date under the plan; allowing investment elections by participants; providing for military service benefits under the plan; providing methods, times and types of distributions under the plan; providing for compliance with certain provisions of the Internal Revenue Code; providing generally for the administration of the plan; establishing eligibility for retiree health benefits for participants in the plan; and generally relating to a voluntary employee retirement savings plan.
Introduced: 11/20/2017
Amended: 1/2/2018
Amended: 1/16/2018
Passed: 2/5/2018