Source: https://phila.legistar.com/LegislationDetail.aspx?ID=3756179&amp;GUID=BF804DCA-FBA6-432C-8857-DBE98CD24A8E
Timestamp: 2019-08-26 07:55:55
Document Index: 425250254

Matched Legal Cases: ['§22', '§ 1', '§ 22', '§ 895', '§ 4318', '§ 895', '§ 895']

City of Philadelphia - File #: 180991
File #: 180991 Version: 0 Name:
File created: 11/15/2018 In control: Committee on Labor and Civil Service
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
Code sections: Title 22 - PUBLIC EMPLOYEES RETIREMENT CODE
Attachments: 1. Bill No. 18099100.pdf, 2. CertifiedCopy18099100
12/21/2018 0 MAYOR SIGNED Action details Not available
12/6/2018 0 Committee on Labor and Civil Service HEARING NOTICES SENT Action details Not available
12/6/2018 0 Committee on Labor and Civil Service HEARING HELD Action details Not available
12/6/2018 0 Committee on Labor and Civil Service REPORTED FAVORABLY, RULE SUSPENSION REQUESTED Action details Not available
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.
SECTION 1. Title 22 of The Philadelphia Code is hereby amended as follows:
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
(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.
(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 ...