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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
Comments   
Posted 12:06 PM, 06/18/2009
FJG JR
So now, the future isn't worth saving. Darrell, the future grads need incentive, not preventive.
1 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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