Title
Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to create a new Plan, entitled "Plan 16," for certain employees, to expand the scope of "DC Plan" to cover additional employees, to change contribution rates for certain employees, to amend various provisions relating to the Deferred Retirement Option Plan ("DROP"), and to make technical amendments; and amending Bill No. 110443 (became law Sept. 15, 2011) to revise certain effective dates relating to the DROP; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," is hereby amended as follows:
TITLE 22. PUBLIC EMPLOYEES RETIREMENT CODE
CHAPTER 22-100. GENERAL PROVISIONS
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§22-104. Continuation of Divisions and Plans.
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(2) Plans. The several plans of benefits that form part of the City of Philadelphia Public Employees Retirement System are designated and assigned to the foregoing divisions thereof as follows:
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Plan Y includes all current and former municipal employees of the City [(that is, those] who are not members of Plan A, Plan B, [or] Plan [J as defined in this Section),] J, Plan '10, or Plan 16, and who are appointed on or after January 8, 1987. Plan Y is a plan within Municipal Division New.
Plan '10 includes (i) certain employees hired on or after January 1, 2010, subject to election under Section 22-201(5); and (ii) certain electing employees; all as set forth in § 22-201(5) and § 22-206(1). Plan '10 is a plan within Municipal Division New, Fire Division New, Police Division New, and Elected Official Division.
Plan 16 includes all employees represented by AFSCME District Council 33 hired or rehired on or after August 20, 2016; and (ii) certain electing employees; all as set forth in Section 22-201(6) and Section 22-206(2)....
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