Agenda Item 24A
May 21, 2015
Robert H. Drummer, Senior Legislative Attorney ..
Expedited Bill 20-15, Deferred Retirement Option Plan-Amendments
Retirement Savings Plan-Annuity Guaranteed Retirement Income Plan-Election
Government Operations and Fiscal Policy Committee recommendation
Bill with amendments.
Expedited Bill 20-15, Deferred Retirement Option Plan-Amendments - Retirement
Guaranteed Retirement Income Plan-Election, sponsored by Lead
Sponsor Council President at the request of the County Executive, was introduced on April 21,
2015. A Government Operations and Fiscal Policy Committee worksession
held on April 23
and a public hearing was held on May 5.
Bill 20-15 would:
make the guaranteed retirement income plan the default retirement option for new
employees in the Office, Professional and Technical (OPT) or the Service, Labor
and Trades (SLT) bargaining units;
establish a new deferred retirement option plan for sworn deputy sheriffs and
uniformed correctional officers;
provide an annuity option for employees who participate in the retirement savings
generally amend the County employee retirement laws.
Bill 20-15 would implement 2 agreements negotiated by the Executive with MCGEO Local
1994. Changing the default option for new employees represented by MCGEO and the addition
of an annuity option for all employees in the RSP resulted from an interest arbitration decision in
favor of the County. See ©55-68. MCGEO sought, in arbitration, a new open enrollment period
to elect the GRIP for those MCGEO members who are participating in the RSP. The arbitrator
agreed with the County that a new open enrollment period for existing RSP members was