Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to expand "Plan 16" to include certain employees, to change contribution rates for certain employees and the City, to amend various provisions relating to the Deferred Retirement Option Plan ("DROP"), and to make technical amendments; all under certain terms and conditions.

AI summary

This communication concerns a proposed amendment to Philadelphia’s Public Employees Retirement Code. The proposal would expand Plan 16 to cover certain employees, change contribution rates for some employees and the City, revise parts of the Deferred Retirement Option Plan (DROP), and make technical changes; the item was placed on file and does not itself enact these changes.