§ 18. Name and date operative.

A Retirement System is hereby established and placed under the management of the Board of Trustees for the purpose of providing retirement allowances, pensions and other incidental benefits under the provisions of this subtitle for elected officials of the City of Baltimore who become members of this Retirement System. It shall be known as the "Elected Officials' Retirement System of the City of Baltimore". The Retirement System so created shall begin operation on the date of passage of this ordinance. However, the benefits and provisions therein shall be applicable only to elected officials after taking the oath in December 1983, for the new term of office, and thereafter.