§ 2. 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 employees of the City of Baltimore who become members of this retirement system. It shall be known as the "Employees' Retirement System of the City of Baltimore". The Retirement System so created shall begin operation as of January 1, 1926.