City of Annapolis - File #: O-24-14

• File #: O-24-14
• Version: 1
• Type: Ordinance
• Status: Adopted
• File created: 6/30/2014
• In control: City Council
• On agenda: 7/28/2014
• Final action: 7/28/2014
• Title: Police and Fire Retirement Plan Cost of Living Adjustments - For the purpose of providing that effective July 1, 2013, and each July 1st thereafter, each Retired Member or survivor of any such Retired Member, entitled to receive a retirement benefit as of June 30th of any year, shall receive a fixed annual two-percent (2%) increase above the amount the Retired Member or survivor had received on June 30th of the same year.
• Sponsors: Ross Arnett, Sheila Finlayson, Rhonda Pindell Charles, Ian Pfeiffer
• Indexes: Finance Committee, Rules and City Government Committee

Date	Ver.	Action By	Action	Result
7/28/2014	1	Finance Committee	recommend favorably	Pass
7/28/2014	1	City Council	adopt on second reader
7/15/2014	1	Finance Committee	postpone	Pass
7/14/2014	1	City Council	adopt on first reader	Pass

Title
Police and Fire Retirement Plan Cost of Living Adjustments - For the purpose of providing that effective July 1, 2013, and each July 1st thereafter, each Retired Member or survivor of any such Retired Member, entitled to receive a retirement benefit as of June 30th of any year, shall receive a fixed annual two-percent (2%) increase above the amount the Retired Member or survivor had received on June 30th of the same year.
Body
CITY COUNCIL OF THE
City of Annapolis

Ordinance 24-14

Introduced by: Alderwoman Finlayson, Alderman Arnett, and Alderwoman Pindell-Charles

Referred to
Rules and City Government
Finance

A ORDINANCE concerning
Police and Fire Retirement Plan Cost of Living Adjustments
FOR the purpose of providing that effective July 1, 2013, and each July 1st thereafter, each Retired Member or survivor of any such Retired Member, entitled to receive a retirement benefit as of June 30th of any year, shall receive a fixed annual two-percent (2%) increase above the amount the Retired Member or survivor had received on June 30th of the same year.

BY repealing and re-enacting with amendments the following portions of the Code of the City of Annapolis, 2012 Edition
Section 3.36.150

WHEREAS, in 2012, the City of Annapolis entered into negotiations with the United Food and Commercial Workers (UFCW) Local 400 and the International Association of Fire Fighters (IAFF) Local 1926 regarding, among other matters, cost of living adjustments (COLAs) associated with pension plans; and

WHEREAS, as a result of the negotiations, the City of Annapolis and UFCW Local 400 and IAFF Local 1926 reached an agreement that effective July 1, 2013, and each July 1st thereafter, each Retired Member or survivor of any such Retired Member, entitled to receive a retirement benefit as of June 30th of any year, shall receive a fixed annual two-percent (2%) increase above the amount the Retired Member or survivor had received on June 30th of the same ye...