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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   
  • 0 like this / 0 don't   •   Posted 1:56 PM, 07/01/2009
    "in the Living Room Room?" Did you mean to type "room" twice?
    — CleanupPhilly
  • 0 like this / 0 don't   •   Posted 2:01 PM, 07/01/2009
    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.
    — CleanupPhilly
  • 0 like this / 0 don't   •   Posted 2:03 PM, 07/01/2009
    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.
    — CleanupPhilly
  • 0 like this / 0 don't   •   Posted 7:55 AM, 07/02/2009
    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.
    — johanna


4 comments
About The Philly Clout Team
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.
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics ­– which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Catherine Lucey joined the Daily News in 2002 and has written about murderous drug gangs, political protesters and Harry Potter. After covering the 2007 mayoral election, she moved over to the City Hall bureau where she has been reporting on the Nutter administration.
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans.
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Catherine Lucey
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Chris Brennan
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Jan Ransom
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