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Thursday, June 18, 2009

Legislation to Change City Pension Program Introduced in Council

In City Council chambers, Councilman Darrell Clarke just introduced the Nutter administration's legislation that would change the city pension program to provide a lower level of benefits for new hired. Clarke stressed that he was introducing the bill on behalf of the administration.

The proposed plan would combine a traditional pension - at a lower benefit rate than current employees receive - with a 401(k) plan into which workers pay. Because today is the final Council session of the season, the bill could not receive final passage until fall. But if it were to pass, any workers hired after July 1 would be retroactively subject to the terms.

The legislation introduced today is needed to amend city law. But any change to worker pensions would also have to be approved by the city's four municipal unions, whose contracts expire June 30. Union leaders yesterday criticized the proposal.
Posted by Catherine Lucey @ 11:43 AM  Permalink | 1 comment
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  • 0 like this / 0 don't   •   Posted 12:06 PM, 06/18/2009
    So now, the future isn't worth saving. Darrell, the future grads need incentive, not preventive.
    — FJG JR


1 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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