Board Bill Number 74 Votes In Session 2023-2024

Employees Retirement System of the City of St. Louis

Board Bill

This bill pertains to the Employees Retirement System of the City of St. Louis (the “System”) by repealing Section One of Ordinance 71161 and enacting a new provision in order to comply with the federal Setting Every Community Up for Retirement Enhancement Act of 2022 (the “Secure Act 2.0”). This bill will preserve the System’s “qualified status” from the Internal Revenue Service and afford the System’s participants’ continued favorable tax treatment by permitting the System’s assets to grow tax free and to prevent the participants from being taxed when a participating employer makes a contribution to the System.

View Board Bill 74 details

07/14/2023 Final Passage Vote Results

This board bill was part of a consent vote along with BB 31, BB 51, BB 52, BB 53, BB 69, BB 70, BB 73, BB 74, BB 76, BB 77

Aye 14
No 0
Final Passage Vote
Ward Alderman Position
1 Anne Schweitzer Aye
2 Tom Oldenburg Aye
4 Bret Narayan Aye
5 Joseph Vollmer Aye
6 Daniela Velazquez Aye
7 Alisha Sonnier Aye
8 Cara Spencer Aye
9 Michael Browning Aye
10 Shameem Clark Hubbard Aye
11 Laura Keys Aye
12 Sharon Tyus Aye
13 Pamela Boyd Aye
14 Rasheen Aldridge Aye
President Megan E Green Aye
3 Shane Cohn Absent

Was this page helpful?      

Comments are helpful!
500 character limit

Feedback is anonymous.