Bill 130307
Amending the Ordinance of March 1, 1963, entitled "An Ordinance authorizing the Board of Pensions and Retirement to enter into an agreement or agreements to administer employee retirement benefits for the Philadelphia Industrial Development Corporation, Passenger Services Improvement Corporation, Food Distribution Center, and the Philadelphia Parking Authority, under certain terms and conditions," as amended, to provide for revised reimbursement rates, under certain terms and conditions.
Introduced by
From the floor
Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.
“The Committee on Labor and Civil Service, to which was referred Bill No. 130307, entitled "An ordinance amending the Ordinance of March 1, 1963, entitled 'An ordinance authorizing the Board of Pensions and Retirement to enter into an agreement or agreements to administer employee retirement benefits for the Philadelphia Industrial Development Corporation, Corporation, Food Distribution Center, and the Philadelphia Pa…”
Chief Clerk · Stated Meeting, June 6, 2013 · Jun 6, 2013 · official transcript, this passage
“Thank you, Mr. President. I move that the rules of Council be suspended as to permit first reading this day of Bill No. 130307. (Duly seconded.)”
Councilman Kenney · Stated Meeting, June 6, 2013 · Jun 6, 2013 · official transcript, this passage
“It has been moved and properly seconded that the rules of Council be suspended so as to allow first reading this day of Bill No. 130307. All those in favor say aye. (Aye.)”
Council President Clarke · Stated Meeting, June 6, 2013 · Jun 6, 2013 · official transcript, this passage
Status timeline
- Apr 18, 2013Introduced (By Request) and Referred · CITY COUNCIL
- May 22, 2013HEARING NOTICES SENT · Committee on Labor and Civil Service
- May 22, 2013Cancellation of Scheduled Public Hearing · Committee on Labor and Civil Service
- Jun 4, 2013HEARING NOTICES SENT · Committee on Labor and Civil Service
- Jun 4, 2013HEARING HELD · Committee on Labor and Civil Service
- Jun 4, 2013REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Labor and Civil Service
- Jun 6, 2013SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
- Jun 6, 2013ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
- Jun 6, 2013ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR · CITY COUNCIL
- Jun 13, 2013READ AND PASSED · CITY COUNCIL
- Jun 25, 2013SIGNED · MAYOR
Official documents
Documents open on the City of Philadelphia’s legislative site.
Full text
Read the full text as published
..Title Amending the Ordinance of March 1, 1963, entitled "An Ordinance authorizing the Board of Pensions and Retirement to enter into an agreement or agreements to administer employee retirement benefits for the Philadelphia Industrial Development Corporation, Passenger Services Improvement Corporation, Food Distribution Center, and the Philadelphia Parking Authority, under certain terms and conditions," as amended, to provide for revised reimbursement rates, under certain terms and conditions. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. The Ordinance of March 1, 1963, entitled "An Ordinance authorizing the Board of Pensions and Retirement to enter into an agreement or agreements to administer employee retirement benefits for the Philadelphia Industrial Development Corporation, Passenger Services Improvement Corporation, Food Distribution Center, and the Philadelphia Parking Authority, under certain terms and conditions," as amended, is hereby amended to read as follows: Section 3. The agreements to be entered into by the Board of Pensions and Retirement and the quasi-public agencies shall provide, in substance, as follows: * * * (d) Each agency shall reimburse the City the total normal cost of the benefits provided at rates most recently established by the actuary of the Board of Pension and Retirement of the City, based upon the actuarial experience of the applicable Plans of the retirement system of the City; except that the Philadelphia Housing Development Corporation ("PHDC") shall reimburse the City at a rate equal to the minimum municipal obligation, as if PHDC were a municipality subject to the Municipal Pension Plan Funding Standard and Recovery Act, Act 205 of 1984, as amended; and each agency shall agree that, upon termination for any reason of its participation in the Plan, the agency shall thereupon reimburse the City for any unfunded liability attributable to its employees and former employees, as determined by the Board's actuary. * * * SECTION 2. This Ordinance shall be effective with respect to any agreements or amendments to agreements with any quasi-public agency, as that term is used in the Ordinance of March 1, 1963, as amended, entered into after this Ordinance becomes law; and, at the option of the parties to any such agreement or amendment to agreement, the provisions of this Ordinance may be made retroactive to July 1, 2012. ___________________________________ Explanation: [Brackets] indicate matter deleted. Italics indicate new matter added. ..End