READ AND PASSED

This enacted ordinance amends the Philadelphia Gas Works Pension Plan’s death-benefit rules. It allows certain beneficiaries of eligible active or deferred vested participants who die without having received plan benefits to qualify for a preretirement death annuity, including participants with at least 15 years of credited service under specified circumstances.

Amending the Ordinance approved July 12, 1968, as last amended June 12, 2014, relating to pension benefits for employees working on behalf of Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto with respect to death benefits for certain plan participants; all under certain terms and conditions.