Ordinance 67963

Summary

BOARD BILL NO. 521 INTRODUCED BY ALDERMAN STEPHEN GREGALI An Ordinance pertaining to the Employees Retirement System of the City of St. Louis (the “Retirement System”) repealing the following: Subsection 6 of Section Six; Section Eight; Paragraph B of Subsection 1 of Section Nine; Subsection 6 of Section Nine; Paragraph A of Subsection 7 of Section Nine; and Subsection 6 of Section Ten of Ordinance No. 66511 and enacting new provisions related to the same subject matter; amending Section Seven, Section Nine, and Section Sixteen of Ordinance No. 66511 enacting new provisions related to the same subject matter; repealing Subsection 10 of Section Fourteen of Ordinance 66511; authorizing and directing the Board of Trustees of the Retirement System to seek a “Qualified Status” determination letter from the Internal Revenue Service and to adopt regulations related thereto; and containing a severability clause.

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