Official:Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to create a new Plan, entitled "Plan 16," for certain employees, to expand the scope of "DC Plan" to cover additional employees, to change contribution rates for certain employees, to amend various provisions relating to the Deferred Retirement Option Plan ("DROP"), and to make technical amendments; and amending Bill No. 110443 (became law Sept. 15, 2011) to revise certain effective dates relating to the DROP; all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: November 17, 2016
Signed: December 8, 2016
: Committee on Labor and Civil Service
Status: Signed into Law, step 4 of 4
This bill creates a new retirement plan called 'Plan 16' for certain city employees represented by AFSCME District Council 33, hired or rehired after August 2016. It also changes contribution rates and makes technical amendments to the Deferred Retirement Option Plan (DROP).
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