Ordinance 71714

Employees Retirement System of the City of St. Louis

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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.


Session: 2023-2024

Board Bill Number: 74

Primary Sponsors: Cara Spencer

Effective: 07/31/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 06/23/2023

    First Reading

    Bill text was introduced (304.94 KB PDF).

  • 06/23/2023

    Referred to a Committee

    The bill was assigned to the Budget and Public Employees Committee.

  • 06/28/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Budget and Public Employees Committee hearing.

  • 06/30/2023

    Second Reading

  • 07/07/2023


    The bill was passed.

  • 07/14/2023


    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 07/14/2023

    Third Reading

    The bill was passed.

  • 07/14/2023

    Delivered to Mayor

  • 07/31/2023

    Mayor Returns Bill

    The bill was approved.

  • 07/31/2023

    Delivered to Register

  • 08/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71714. Effective date is 07/31/2023


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