Official:Amending Title 22 of The Philadelphia Code, entitled “Public Employees Retirement Code,” by codifying the Pension Board’s preexisting policy and practice to perform an annual stress test of the Retirement System in accordance with industry standards, all under certain terms and conditions.
Sponsor: Councilmember Parker
Introduced: September 30, 2021
Signed: December 2, 2021
: Committee on Labor and Civil Service
Status: Signed into Law, step 4 of 4
This bill requires the city's Pension Board to perform an annual stress test of its Retirement System in accordance with industry standards.
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