Forfeitures

Baltimore City Code art. 22A, subtit. 8

in effect

Baltimore City Code, Article 22A, § 8-1 Forfeiture of non-vested Employer Contributions.

§ 8-1. Forfeiture of non-vested Employer Contributions. The Employer Contribution Sub-Account of a member who terminates employment with a participating employer before that sub-account is vested under § 7-2 {“Vesting: Employer Contribution Sub-Account”} of this article is forfeited as of the date of the member’s termination of employment, unless that member is reemployed by a participating employer within 30 days after termination of employment. (Ord. 20-458; Ord. 14-216.)

Baltimore City Code, Article 22A, § 8-2 Forfeiture Account.

§ 8-2. Forfeiture Account. Forfeitures under this subtitle will be held in a separate Forfeiture Account for bookkeeping purposes. (Ord. 14-216.)

Baltimore City Code, Article 22A, § 8-3 Restoration.

§ 8-3. Restoration. (a) In general. If, following forfeiture of a member’s Employer Contribution Sub-Account, the member provides the Board with an SSA determination of disability under § 9-3 {“Distributable events – Disability”} of this article, the Employer Contribution Sub-Account will be restored out of the Forfeiture Account and distributed, without any adjustment for earnings or losses, to the member. (b) Employer contribution. If the Forfeiture Account has insufficient funds to fully restore the Employer Contribution Sub-Account, the appropriate employer must make a contribution in the amount necessary for full restoration. (Ord. 14-216.)

Baltimore City Code, Article 22A, § 8-4 Remaining amounts in Forfeiture Account.

§ 8-4. Remaining amounts in Forfeiture Account. (a) To defray reasonable Plan expenses. After the end of each Plan Year, any amount remaining in the Forfeiture Account after all Employer Contribution Sub-Accounts are restored under § 8-3 {“Restoration”} of this subtitle will be used to defray reasonable Plan administrative expenses. (b) Reduction of Employer contribution. Any amount remaining in the Forfeiture Account after all reasonable Plan administrative expenses are defrayed will be used to reduce the employer contribution required under § 5-3 {“Employer contributions”} of this article for the plan year in which the forfeiture occurred. (Ord. 14-216.)

Source: City of Baltimore Department of Legislative Reference, City of Baltimore Law Library (codes.baltimorecity.gov; Open Law Library bulk XML)URL: https://codes.baltimorecity.gov/us/md/cities/baltimore/code/22A/8Fetched: 10/25/2026