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Transmitting a bill amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to create a new Plan, entitled "Plan 16," for certain employees, to expand the scope of "DC Plan" to cover additional employees, to change contribution rates for certain employees, to amend various provisions relating to the Deferred Retirement Option Plan ("DROP"), and to make technical amendments; and amending Bill No. 110443 (became law Sept. 15, 2011) to revise certain effective dates relating to the DROP; all under certain terms and conditions.

AI summary

This communication transmitted a proposed bill concerning Philadelphia’s Public Employees Retirement Code. The proposal would create a new retirement Plan 16 for certain employees, extend the defined-contribution plan to additional employees, change contribution rates, revise parts of the Deferred Retirement Option Plan, and adjust certain effective dates in a 2011 law; the item was placed on file.

File details

Status
PLACED ON FILE
Introduced
November 17, 2016
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Full text

Title

Transmitting a bill amending Title 22 of The Philadelphia Code, entitled “Public Employees Retirement Code,” to create a new Plan, entitled “Plan 16,” for certain employees, to expand the scope of “DC Plan” to cover additional employees, to change contribution rates for certain employees, to amend various provisions relating to the Deferred Retirement Option Plan (“DROP”), and to make technical amendments; and amending Bill No. 110443 (became law Sept. 15, 2011) to revise certain effective dates relating to the DROP; all under certain terms and conditions.

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

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