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Wednesday, July 1, 2009
Committee of Seventy Explores the City Pension System

The watchdog group Committee of Seventy just put out the latest installment in their informational series on the city's financial woes. Today's installment is called "Pensions: The Elephant in the Living Room." You can read it here.

Posted by Catherine Lucey @ 1:41 PM  Permalink | 4 comments
Comments   
Posted 01:56 PM, 07/01/2009
CleanupPhilly
"in the Living Room Room?" Did you mean to type "room" twice?
Posted 02:01 PM, 07/01/2009
CleanupPhilly
In the interest of objectivity, I'd like to see a brief identifier of who the Cttee of Seventy is. Seventy what? Plus, the Cttee of 69 ward leaders and the mayor are likely to have significant biases as to how the pension plan is run. For example, the document states that it is "normal" to have unfunded pension liabilities nationally, when in fact Philly's unfunded pension liability is much more severe they you see typically. The paper is a faux objective bit of justification of the status quo that favors increased city payments and decreased benefits over increased defined pension contribution, as is the case typically. Let's just be real.
Posted 02:03 PM, 07/01/2009
CleanupPhilly
By paper I mean the CoS "informational series" of chummy chit-chat that leaves out some points of view that are key to the debate.
Posted 07:55 AM, 07/02/2009
johanna
CleanupPhilly - are you just playing dumb or are you this dumb? The Committee of Seventy is not made up of the ward leaders and the mayor as you seem to infer. Here's the link. www.seventy.org You can find out for yourself what the organization is about.
4 comments
About Chris Brennan and Catherine Lucey
PhillyClout
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns.

Catherine Lucey joined the Daily News in 2002. Since then she has written about murderous drug gangs, political protesters and Harry Potter. For the past two years, she covered the 2007 mayoral election. Now that the battle is over, she has moved down to the City Hall bureau where she will report on the Nutter administration.

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Catherine Lucey
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