Bill 100542
Amending Section 22-310 of The Philadelphia Code, entitled "Deferred Retirement Option Plan (DROP)," by immediately terminating DROP, under certain terms and conditions.
Introduced by
Status timeline
- Sep 16, 2010Introduced and Referred · CITY COUNCIL
- Jun 8, 2011HEARING NOTICES SENT · Committee of the Whole
- Jun 8, 2011HEARING HELD · Committee of the Whole
- Jun 8, 2011RECESSED · Committee of the Whole
Official documents
Documents open on the City of Philadelphia’s legislative site.
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..Title Amending Section 22-310 of The Philadelphia Code, entitled "Deferred Retirement Option Plan (DROP)," by immediately terminating DROP, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Section 22-310 of The Philadelphia Code is hereby amended to read as follows: § 22-310. Deferred Retirement Option Plan (DROP). * * * (1.1) Termination of DROP. The DROP is terminated effective upon this subsection becoming law, except that no member whose application to participate in the DROP is pending or has been accepted as of such date shall be divested of any rights under the DROP. SECTION 2. This Ordinance shall become effective immediately. __________________ Explanation: Italics indicate new matter added. ..End