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[COMMITTEE SUBSITTUTE FOR] ORDINANCE NO. 240596

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Sponsor: Director of the Human Resources Department
COMMITTEE SUBSTITUTE

Amending Chapter 2 of the Code of Ordinances of Kansas City, Missouri, "Administration," by repealing and replacing certain sections to include municipal judges currently in the Elected Officials Money Purchase Plan into the Employees' Retirement System and to change the required distribution date set by federal law in certain money purchase plans, and establishing an effective date.

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WHEREAS, prior to 2011, the municipal court judges were members of a defined benefit pension plan as part of their employment with the City; and

WHEREAS, the municipal court judges appointed since 2011 have been part of the Elected Officials Money Purchase Pension Plan, which is not a defined benefit plan; and

WHEREAS, the City wishes to include the municipal court judges as members of the Employees' Retirement System, a defined benefit plan, beginning in October 2024; and

WHEREAS, on April 23, 2024, the Employees' Retirement System Board of Trustees voted to recommend including current municipal court judges in the Employees' Retirement System; and

WHEREAS, two current municipal court judges who were appointed prior to 2011 will remain part of the Retirement System for Elected Officials defined benefit plan

WHEREAS, in 2022 the US Congress passed SECURE 2.0 Act of 2022 that changed the ages for required distributions of the City's pensions which includes money purchase pension plans; NOW THEREFORE

BE IT ORDAINED BY THE CITY COUNCIL OF KANSAS CITY:

Section 1. That Chapter 2 of the Chapter 2 of the Code of Ordinances of Kansas City, Missouri, "Administration," be amended by repealing Sections 2-1172, 2-1331, 2-1332, 2-1395.2, 2-1395.7, 2-1395.9 and 2-1396.9 and enacting in lieu thereof sections of like number and subject matter to read ...

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