City of Philadelphia - File #: 160470

• File #: 160470
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/12/2016
• In control: Committee on Finance
• Final action: 6/16/2016
• Title: Amending the Ordinance approved July 12, 1968, as last amended June 12, 2014, relating to pension benefits for employees working on behalf of Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto with respect to death benefits for certain plan participants; all under certain terms and conditions.
• Sponsors: Councilmember Green
• Indexes: PHILADELPHIA GAS WORKS

Date	Ver.	Action By	Action	Result	Tally
6/28/2016	0	MAYOR	SIGNED
6/16/2016	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
6/9/2016	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/9/2016	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/9/2016	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/2/2016	0	Committee on Finance	HEARING NOTICES SENT
6/2/2016	0	Committee on Finance	HEARING HELD
6/2/2016	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/12/2016	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending the Ordinance approved July 12, 1968, as last amended June 12, 2014, relating to pension benefits for employees working on behalf of Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto with respect to death benefits for certain plan participants; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. The Ordinance approved July 12, 1968 and amended December 14, 1973, March 8, 1979, February 26, 1981, March 4, 1982, December 19, 1983, November 14, 1986, July 17, 1987, December 20, 1988, March 6, 1995, January 1, 1999, June 26, 2002, July 1, 2004, December 21, 2011, and June 12, 2014 relating to retirement benefits for employees working on behalf of the Philadelphia Gas Works, is hereby amended as follows:


PHILADELPHIA GAS WORKS
PENSION PLAN

* * *

SECTION 9
DEATH BENEFITS

* * *

Sec. 9.02 Eligibility.

(a) With respect to any Active or Deferred Vested Participant whose death occurred prior to May 15, 2015, and with respect to any Deferred Vested Participant who separated from service prior to May 15, 2015 and whose death occurred on or after May 15, 2015, ifIf anthe Active Participant or Deferred Vested Participant at the time of his/her death:

(1a) hasd combined Years of Credited Service and attained Age of sixty-five (65) or more of which at least fifteen (15) represent Years of Credited Service and at least forty-five (45) represent attained Age; or

(2b) hasd twenty (20) Years of Credited Service regardless of attained Age,

then there shall be paid toand has not already received a benefit under this Plan, then his/her Death Beneficiary (if any) shall be eligible for a benefit in the form of a Preretirement Death Annuity, with the benefit commencing as if the Participant has retired due to Total Disability, pursuant to Section 7, on the day preceding the date of his/her dea...