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Big pension savings ahead?

So says Mayor Nutter and Controller Alan Butkovitz. Details to come tomorrow. Cryptic press release follows:

Big pension savings ahead?

So says Mayor Nutter and Controller Alan Butkovitz. Details to come tomorrow. Cryptic press release follows:

 

MEDIA ADVISORY

MAYOR NUTTER AND CITY CONTROLLER ALAN BUTKOVITZ
TO ANNOUNCE A PLAN THAT COULD SAVE THE CITY $170 MILLION IN PENSION FUNDS OVER THE NEXT 5 YEARS


WHO: Mayor Michael A. Nutter
City Controller Alan Butkovitz

WHAT: Mayor Nutter and City Controller Alan Butkovitz will announce a plan that could save the City of Philadelphia an estimated $170 million over the next 5 years. A Pension Board meeting will begin at 8:30 am and is open to the press. A press conference will follow at 9:30am.

WHERE: Philadelphia Board of Pensions and Retirement, Two Penn Center Plaza
1500 JFK Blvd., 16th floor

WHEN: Friday, February 13, 2009
Pension Board Meeting, 8:30 am
Press Conference, 9:30 am

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The Philadelphia Inquirer's Troy Graham and Claudia Vargas take you inside Philadelphia's City Hall.

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