Bill No. 59-25

AN ORDINANCE concerning: Pensions – Credited Service – Deferred Retirement Option Program (“DROP”) – Number of Participants – Term of Participation Period – Interest on DROP Account – Employee Contributions to Pension Fund

Contact Information
County Council
(410) 222-1401

Introduced by Ms. Hummer, Chair (by request of the County Executive) and Co-sponsor Mr. Smith

FOR the purpose of clarifying credited service; modifying the number of certain participants eligible to enter the DROP for the Fire Service Retirement Plan; modifying the DROP participation period for certain participants in the Detention Officers’ and Deputy Sheriffs’ Retirement Plan; modifying the annual interest rate for DROP accounts for certain participants in the Police Service Retirement Plan and the Fire Service Retirement Plan; modifying the employee contributions for certain participants in the Fire Service Retirement Plan and in the Police Service Retirement Plan; providing for the application of this Ordinance; and generally relating to pensions.

 

 

Documents

Schedule

  • Introduced
  • Passed
  • Effective

Final Vote

District Councilmember Vote
District 1
Peter Smith
Yes
District 2
Allison M. Pickard
Yes
District 3
Nathan Volke
Yes
District 4
Julie Hummer
Yes
District 5
Amanda Fiedler
Yes
District 6
Lisa D. B. Rodvien
Yes
District 7
Shannon Leadbetter
Yes