header-left
Share to Facebook Share to Twitter Bookmark and Share
File #: 190132    Version: Name:
Type: Bill Status: ENACTED
File created: 2/28/2019 In control: Committee on Labor and Civil Service
On agenda: Final action: 4/25/2019
Title: Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," by amending various provisions to provide for purchase of service by certain classes of employees, under certain terms and conditions.
Sponsors: Councilmember Jones
Indexes: RETIREMENT CODE
Attachments: 1. Bill No. 19013201, As Amended.pdf, 2. CertifiedCopy19013201.pdf
Title
Amending Title 22 of The Philadelphia Code, entitled "Public Employees Retirement Code," by amending various provisions to provide for purchase of service by certain classes of employees, 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

* * *

?22-105. Definitions.

* * *

(9) Compensation

* * *

(10) Credited service. Any period of service as an employee for which regular member contributions are made, or, with respect to members of Plan 16, would have been made had the member's compensation not exceeded the Stacked Hybrid Cap, and any other period of service for which credit is purchased in accordance with the provisions of ? 22-801 (Leaves of Absence Without Pay), ? 22-803 (Purchase of Prior City Service), [or] ? 22-802 (Purchase of Governmental Service), [or] ? 22-809 (Pension Credit for Former F.P.T.F. Employees), or ? 22-810 (Pension Credit for Former PIDC Employees), subject to such limitations and restrictions as are set forth in Chapter 22-800 (Purchase of Credited Service).

* * *

CHAPTER 22-300. RETIREMENT BENEFITS

? 22-305. Maximum Benefit Limitations.

(2) Adjustment of Limitations.

(h) Pursuant to Section 415(n)(2)(A) of the Tax Code, any Service credit purchased in accordance with Sections 22-802, 22-803, 22-804, 22-805, [or] 22-809, or 22-810 shall not be taken into account in computing the limitation described in Section 22-305(1).

CHAPTER 22-800. PURCHASE OF CREDITED SERVICE

* * *

?22-808. Transfer Payments.

* * *

(5) Limitation on use of transfer payments. Transfer payments shall be used exclusively for the purpose of purchasing credited service as pr...

Click here for full text