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File #: 21-1424    Version: 1
Type: Bill Status: Passed
File created: 11/15/2021 In control: Finance & Governance Committee
On agenda: 12/13/2021 Final action: 12/13/2021
Title: A bill for an Ordinance modifying Article XII (RETIREMENT) of Chapter 18, of the Denver Revised Municipal Code, to add actuarial analysis and funding requirements for the unfunded actuarial liability of the 1963 Retirement Plan. Amends Article XII of Chapter 18 of the Denver Revised Municipal Code to add actuarial analysis and funding requirements for the unfunded actuarial liability of the 1963 Retirement Plan to maintain the Plan's actuarial soundness. The Committee approved filing this item at its meeting on 11-23-21.
Indexes: Zach Rothmier
Attachments: 1. BR21 1424 CAO DERP Request, 2. BR21 1424 CAO DERP Summary, 3. BR21 1424 CAO DERP Draft Bill, 4. FINGOV Pension Briefing.112321, 5. 21-1424 Filed Bill_DERP 1963 Retirement Plan_11302021_Final, 6. 21-1424 Filed Bill_DERP 1963 Retirement Plan_11302021, 7. 21-1424 - signed, 8. 21-1424 For an Ordinance modifying Article XII (RETIREMENT) of Ch 18, of the Denver

Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 11-15-21

 

Requesting Agency: City Attorney

                               Division:

 

Subject Matter Expert Name: Robert McDermott
Email Address:
Robert.McDermott@denvergov.org

Item Title & Description:

(Do not delete the following instructions)

These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).

 

Both the title and description must be entered between the red “title” and “body” below.  Do not at any time delete the red “title” or “body” markers from this template.

title

A bill for an Ordinance modifying Article XII (RETIREMENT) of Chapter 18, of the Denver Revised Municipal Code, to add actuarial analysis and funding requirements for the unfunded actuarial liability of the 1963 Retirement Plan.

Amends Article XII of Chapter 18 of the Denver Revised Municipal Code to add actuarial analysis and funding requirements for the unfunded actuarial liability of the 1963 Retirement Plan to maintain the Plan’s actuarial soundness. The Committee approved filing this item at its meeting on 11-23-21.

body

 

Affected Council District(s) or citywide? Citywide

 

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

See attached executive summary

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?