The Philadelphia Retirement Savings Program is a new automated savings program for certain City of Philadelphia employees. The program is managed by the Philadelphia Retirement Savings Board and funded through the Retirement Savings Administrative Fund. This program aims to help eligible employees save for retirement.
Amending Title 19 ("Finance, Taxes and Collections") of The Philadelphia Code to add a new chapter creating the Philadelphia Retirement Savings Program as an automated savings program for certain employees in the City of Philadelphia, to establish the Philadelphia Retirement Savings Board, and to establish the Retirement Savings Administrative Fund, all under certain terms and conditions.
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