PASSED

This enacted ordinance changes Philadelphia’s Public Employees Retirement Code to make Retirement and Survivorship Benefit Option 4 available to members of additional retirement plans, including Plans A, B, D, J, and X. It also allows eligible members to designate dependent grandchildren as survivors and to direct benefits to trusts for disabled grandchildren when the member had court-ordered or court-sanctioned physical and legal custody.

Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," by amending Sections 22-306, 22-701 and 22-702, to make Retirement and Survivorship Benefit Option 4 available to members of additional Plans, to allow the member to designate his or her dependent grandchildren to receive a survivorship benefit, and to allow benefits to be paid to trusts for disabled grandchildren of members; all under certain terms and conditions.