Title
Funding Purchase of Service Credits for Certain Employees in the Police and Fire Retirement Plan - For the purpose of authorizing the City of Annapolis to fund all or a portion of the cost of purchasing service credits or any actuarial or other fees and costs for certain employees in the Police and Fire Retirement Plan; and specifying that the City of Annapolis shall have the authority to determine the respective percentages that a certain employee and the City of Annapolis shall contribute towards the cost of purchasing service credits or any actuarial or other fees and costs towards participation in the Police and Fire Retirement Plan.
Body
CITY COUNCIL OF THE
City of Annapolis
Ordinance 25-14
Introduced by: Alderman Littmann, Alderman Budge,
Alderwoman Pindell-Charles, Alderwoman Finlayson,
Alderman Arnett and Alderman Paone
Referred to
Rules and City Government
A ORDINANCE concerning
Funding Purchase of Service Credits for Certain Employees in the Police and Fire Retirement Plan
FOR the purpose of authorizing the City of Annapolis to fund all or a portion of the cost of purchasing service credits or any actuarial or other fees and costs for certain employees in the Police and Fire Retirement Plan; and specifying that the City of Annapolis shall have the authority to determine the respective percentages that a certain employee and the City of Annapolis shall contribute towards the cost of purchasing service credits or any actuarial or other fees and costs towards participation in the Police and Fire Retirement Plan.
BY repealing and re-enacting with amendments the following portions of the Code of the City of Annapolis, 2012 Edition
Section 3.36.020
SECTION I: BE IT ESTABLISHED AND ORDAINED BY THE ANNAPOLIS CITY COUNCIL that the Code of the City of Annapolis shall be amended to read as follows:
CHAPTER 3.36 - POLICE AND FIRE RETIREMENT
3.36.030 Participation and application for benefits.
A. Eligibility to Participat...
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