GO Item 4
April 23, 2015
April 21, 2015
Government Operations and Fiscal Policy commi/7
Drummer, Senior Legislative Attorney
Expedited Bill 20-15, Deferred Retirement Option Plan-
Amendments - Retirement Savings Plan-Annuity - Guaranteed Retirement Income Plan
Expedited Bill 20-15, Deferred Retirement Option Plan-Amendments - Retirement
Savings Plan-Annuity - 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 public hearing is tentatively scheduled for May 5 at 1:30 p.m.
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 inappropriate.
The establishment of a new DROP for sworn deputy sheriffs and uniformed correctional
officers is part of the recently negotiated labor agreement with MCGEO for FY16. MCGEO
President Gino Renne submitted a letter to the Council President in support of the DROP. See
70. This new DROP would be similar to the existing DROP for sworn police officers.