Monday, August 3, 2015

Nutter Vetoes City Council's DROP Legislation

Mayor Nutter, noting that City Council's own consultant says the controversial Deferred Option Retirement Plan will still have a cost to the city after legislative changes were made, just announced that he will veto that legislation.

Nutter Vetoes City Council's DROP Legislation

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Despite pleas from Mayor Nutter to kill the Deferred Retirement Option Plan, Council voted 15-2 to keep it, with some alterations. Council member Marian Tasco, top right, retiring Council President Anna Verna, top left, and outgoing councilmen Frank DiCicco, bottom left, and Frank Rizzo, bottom right, all signed up for the program.
Despite pleas from Mayor Nutter to kill the Deferred Retirement Option Plan, Council voted 15-2 to keep it, with some alterations. Council member Marian Tasco, top right, retiring Council President Anna Verna, top left, and outgoing councilmen Frank DiCicco, bottom left, and Frank Rizzo, bottom right, all signed up for the program.

Mayor Nutter, noting that City Council's own consultant says the controversial Deferred Option Retirement Plan will still have a cost to the city after legislative changes were made, just announced that he will veto that legislation.  Nutter, speaking in a City Hall news conference, noted that the city's pension fund is currently only funded at 47 percent.

"I think increasingly the public has said they want the program to go away," Nutter said.

The legislation to spare DROP was passed by Council last week, 14-3, meaning that Council would have the 12 votes necessary to override a veto by Nutter. The bill would delay entry into the lump-sum retirement-perk program for nonuniform workers and would lower the interest rate for all future participants. Council said that the move would save money, although Nutter prefers to eliminate it.

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William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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