Council closes pension loophole
Philadelphia City Hall and political coverage from the Philadelphia Inquirer City Hall bureau.
Council closes pension loophole
Jeff Shields
City Council Thursday morning did away with a loophole in the pension plan that will allow outgoing Managing Director Camille Cates Barnett to buy a pension of nearly $50,000 annually after less than 2 1/2 years on the job.
Council voted unanimously for Councilman Frank DiCicco's bill, which sets a minimum of five years of service before a Civil Service exempt employee such as Barnett can buy credit for years worked in other public service positions.
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Comments (14)
WOO HOO! Enough of the corruption in City Hall stealing our tax dollars!!!!!! Now for the rest of the slugs on the council to get the trough off limits! ChrisWZD
Too Bad it didn't happen BEFORE Ms. Cates got her's!!!! Dadair1
Now... Term limits for the entitled City Council. lamont480
Close the loophole for EVERYONE. Term limits for city council! yawns
What about DROP? I guess some loopholes are too nice to close. jnyfive
Council is nuthin' but a buncha effin' sows. Rowland
As long as Camille Cates Barnett gets her dough, that's all that matters. What kind of metrics did you utilize when deciding to buy in Mr. Barnett? Do you have flow charts to back up your data? Maybe the journalists in Philadelphia will conduct a cost/benefit analysis of your time in Philadelphia. That report will show that you were a blatant waste of the taxpayers money. She's flipping us all the bird on her way to another city. LibertyoverTyranny
Comment removed.
new bill doesn't include out going Managing director.. spider1776
5 years? It should be 10. Being vested after 5 is a joke. psyrus- It's progress, but it's like curing a headache on a man dying of cancer. DonQ
Comment removed.- Jet3to, you seem to believe that you know a lot. Trust me, you are an idiot! You are absolutely clueless about the voters in this City. And you apparently do not know much about anything else, either...
Wait, folks. This gets worse. If the outging Managing Director marries and then croaks, hubby gets her pension and, if he croaks, what happens then? Psyrus, you are right, being vested after 5 years is a crock. bltes
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