Committee advances retirement system changes, staff says fee impact likely minimal
The committee recommended forwarding Bill 21-26 to the full council; the bill would add correctional health nurses to retirement Group E, remove minimum-age requirements for some groups, increase contributions for GRIP and RSP, reopen GRIP enrollment to some employees, and include post-retirement COLAs; staff presented an updated analysis concluding no expected fee increase for RSP participants.
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The Government Operations and Fiscal Policy Committee moved to recommend that the full Montgomery County Council consider Bill 21-26, a package of amendments to retirement groups and benefit provisions negotiated through collective bargaining with the Municipal and County Government Employees Organization (McGeo).
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