PASSED

This enacted ordinance amended Philadelphia’s public employee retirement code to create Plan ’10 and a defined-contribution plan for certain police employees hired or rehired on or after January 1, 2010, and for certain eligible employees who elect to participate. It sets rules for retirement benefits, employee and City contributions, vesting, survivor and disability benefits, and makes related technical changes.

Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to create two new Plans, entitled "Plan '10" and "DC Plan," for (i) certain employees hired or rehired on or after January 1, 2010; and (ii) certain electing employees; and making technical changes; all under certain terms and conditions.