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File #: 180991    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 11/15/2018 In control: Committee on Labor and Civil Service
On agenda: 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
Attachments: 1. Bill No. 18099100.pdf, 2. CertifiedCopy18099100
Date Ver.Action ByActionResultTallyAction DetailsVideo
12/21/20180 MAYOR SIGNED   Action details Not available
12/13/20180 CITY COUNCIL READ AND PASSEDPass17:0 Action details Not available
12/6/20180 Committee on Labor and Civil Service HEARING NOTICES SENT   Action details Not available
12/6/20180 Committee on Labor and Civil Service HEARING HELD   Action details Not available
12/6/20180 Committee on Labor and Civil Service REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
12/6/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
12/6/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
12/6/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
11/15/20180 CITY COUNCIL Introduced and ReferredPass  Action details Not available
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 ...

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