Wednesday, August 27, 2014
Inquirer Daily News

Council Moves Forward With Legislation To Close Pension Loophole

* This story has been updated.

Council Moves Forward With Legislation To Close Pension Loophole

* This story has been updated.

A City Council committee today approved legislation to close a pension loophole that will allow outgoing Managing Director Camille Barnett to buy into the system after just two years service.

Barnett, who is set to leave the city government June 30, can legally receive a lifetime pension of $49,880 if she pays $120,451 into the system. The perk is available due to rules that allow employees to count service in other municipalities.

Under the new legislation, proposed by Councilman Frank DiCicco, employees must serve for five years before they could buy into the pension program.

The Nutter administration supported the legislation, which must now go to full Council for final approval. Mayoral Spokesman Doug Oliver said Barnett has not yet decided whether or not she will buy into the pension.

*UPDATE: Oliver told us that Barnett has, in fact, paid into the system and will receive an annual pension of about $49,000. According to city data, she made a six-figure payment into the system on April 15.

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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. E-mail tips to brennac@phillynews.com
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Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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