Sunday, September 21, 2014
Inquirer Daily News

DROP report is two months late

Ralph Cipriano wrote a cover story for City Paper in April arguing that the Deferred Retirement Option Plan is a ridiculous boondoggle that costs taxpayers lots of money. When he asked the mayor for comment on the story, he was told that the administration was waiting for the completion of an $80,000 study, being conducted at Boston College, on the impact of the program on city employees’ behavior. It was due in May.

DROP report is two months late

Ralph Cipriano wrote a cover story for City Paper in April arguing that the Deferred Retirement Option Plan is a ridiculous boondoggle that costs taxpayers lots of money. When he asked the mayor for comment on the story, he was told that the administration was waiting for the completion of an $80,000 study, being conducted at Boston College, on the impact of the program on city employees’ behavior. It was due in May.

How’s that going?

Something mysterious has happened to that DROP study, which has been under wraps for almost three months. The mayor's spokesman says officials are “still finalizing” it. Apparently, the mayor is giving Boston College's professors an “incomplete.”

Of course it’s possible that in the next couple of months, the administration will release the results of the study and, if they suggest the same things as Cipriano’s reporting (which includes a pro bono analysis by an actuary), begin fighting for the elimination of DROP. But in the meantime, we understand why Cipriano is penning angry op-eds.

Follow us on Twitter and review city services on our sister site, City Howl.

About this blog
Every year, city government spends slightly more than $4 billion. Where does all that money come from? More importantly, where does it go? Are we getting the most bang for our tax buck? “It's Our Money” is a joint project between Philadelphia Daily News and WHYY, funded by the William Penn Foundation, designed to answer these questions.

It's Our Money contributors

Tips? Comments? Questions?
Contact:

Holly Otterbein:
215-854-5809
hm.otterbein@gmail.com
@hollyotterbein

It's Our Money
Also on Philly.com
Stay Connected