Title
Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to provide for additional members of Plan 16, to change contribution rates and to specify the Stacked Hybrid Cap for certain employees, and to make technical amendments, 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 16 includes (i) certain employees represented by AFSCME District Council 33 hired or rehired on or after August 20, 2016; (ii) certain other municipal employees hired or rehired on or after the effective date of the ordinance adding this clause (ii); (iii) certain employees represented by AFSCME District Council 47 hired or rehired on or after the effective date of the ordinance adding this clause (iii); and [(ii)] (iv) certain electing employees; all as set forth in [Section 22-201(6)] §§ 22-201 and [Section] 22-206(2). Plan 16 is a plan within Municipal Division New.
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§22-105. Definitions.
In addition to the definitions set forth in § 1-103(1) of the Code, the following definitions apply to this Title unless the context plainly requires otherwise:
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(43) Stacked Hybrid Cap.
(1) Except as provided in paragraph (2), $50,000, annually on a calendar year basis.
(2) For members represented by AFSCME, District Council 47, members represented by AFSCME, District Council 33, and municipal employees no...
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