City of Philadelphia - File #: 180991

• File #: 180991
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 11/15/2018
• In control: Committee on Labor and Civil Service
• Final action: 12/13/2018
• Title: Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to modify the terms of Plan 16, to change certain contribution rates, and to make technical amendments; all under certain terms and conditions.
• Sponsors: Councilmember Parker, Councilmember Reynolds Brown
• Indexes: RETIREMENT CODE
• Code sections: Title 22 - PUBLIC EMPLOYEES RETIREMENT CODE

Date	Ver.	Action By	Action	Result	Tally
12/21/2018	0	MAYOR	SIGNED
12/13/2018	0	CITY COUNCIL	READ AND PASSED	Pass	17:0
12/6/2018	0	Committee on Labor and Civil Service	HEARING NOTICES SENT
12/6/2018	0	Committee on Labor and Civil Service	HEARING HELD
12/6/2018	0	Committee on Labor and Civil Service	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
12/6/2018	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/6/2018	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/6/2018	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
11/15/2018	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," to modify the terms of Plan 16, to change certain contribution rates, 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 is hereby amended as follows:

TITLE 22. PUBLIC EMPLOYEES RETIREMENT CODE.

CHAPTER 22-100. GENERAL PROVISIONS.

* * *

§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:

* * *

(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 not represented by a union:] $65,000, annually on a calendar year basis.

* * *

§ 22-901. Contributions by the City of Philadelphia.

(1) Each year the City shall pay to the Board of Pensions and Retirement, for the account of the fund described in § 22-1001, the City's share of the actuarial cost of financing the Retirement System as required by the Municipal Pension Plan Funding Standard and Recovery Act (1984, Dec. 18, P.L. 1006, No. 205, 53 P.S. §§ 895.101 et seq.) and as may otherwise be required by law, including, without limitation, provisions of USERRA (38 U.S.C. § 4318(b)(1) and (3)) with respect to any liability thereunder of the City, as employer, to the Retirement System. The City shall also contribute the net proceeds of an alternative funding mechanism as defined in 53 P.S. § 895.102 if any alternative funding mechanism is used by the City, for the purposes set forth in 53 P.S. §§ 895.101 et seq. Such contributions shall be made within the time period set forth ...