PASSED

This enacted bill corrects and updates parts of Philadelphia’s Public Employees Retirement Code. It clarifies which retirement plans cover certain city employees, addresses five-year vesting rules for some nonunion, civil-service-exempt employees, and changes provisions involving average final compensation, the DROP program, refunds, and purchases of service credit.

Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," by making certain corrections to address problems in the Code due to typographical errors, oversights, or inconsistencies, by clarifying the definition of various plans, addressing various issues raised by the new 5-year vesting program, refining the DROP program, and correcting inconsistencies with respect to refunds and purchases of certain types of service credit, all under certain terms and conditions.