Ad Hoc Cost of Living Adjustment for FY2020 - Should the County Executive approve an amendment to the Frederick County Employees Retirement Plan (the "Plan") that (1) provides for a one time cost of living adjustment to retirees' benefits, which will be phased in over a period of three years, up to a maximum of five percent (5%) of the retirees' monthly benefit payment, depending on the period in time when the Participant's retirement occurred, and (2) requires that the Retirement Plan Committee (the "Committee") evaluate the adequacy of cost of living adjustments every three years to assess the impact of inflation on retirees' benefit payments, and forward this amendment to the County Council for their consideration?

Cessation of Interest Accrual on Employee Contribution Accounts for Terminated, Non-Vested Participants - Should the County Executive approve an amendment to the Frederick County Employees Retirement Plan (the Plan") that provides that the employee contribution accounts of employees who terminate employment with the County before earning a vested interest in a future retirement benefit will cease having interest credited to the account as of the July 1 that is at least 12 months following the individual's termination of employment, and forward to the County Council for their consideration?

Internal Revenue Service Requested Changes - Should the County Executive approve an amendment to the Frederick County Employees Retirement Plan (the Plan") that provides for changes to the Plan requested by the Internal Revenue Service in conjunction with issuance of a determination letter for the Plan, and forward to the County Council for their consideration?

Reinstatement of Grant Funded Employees as Participants in the Plan; Termination of Defined Contribution Plan - Should the County Executive approve an amendment to the Frederick County Employees Retirement Plan (the DB Plan") that (1) provides that employees classified by the County as "grant funded" be eligible to participate or resume participation in the DB Plan and (2) provides that grant funded employees receive credit for service under the DB Plan for all years of County employment and that the grant funded employees' account balances under the Frederick County, Maryland Defined Contribution Plan (the "DC Plan") will be transferred to the Plan? Should the County Executive recommend adoption of a Resolution to terminate the Frederick County, Maryland Defined Contribution Plan, and forward to the County Council for their consideration?