Pensions

News

Allan Domb Introduces Bill to End DROP for New Non-Union Employees

Allan Domb wants to drop DROP — for new non-union employees, at least. The at-large City Councilman is introducing legislation on Thursday that would curtail the […]

drop plan deferred retirement option philadelphia t
News

The Looming DROP Apocalypse

He was the only son of the Big Bambino, but even that couldn’t save him from the political firestorm over DROP. Seven years ago, Frank […]

News

She Stole $73K from Court, Says She’s Still Entitled to $6,500 Monthly Pension

chutz-pah \ˈhu̇t-spə, ˈḵu̇t-, -(ˌ)spä\ n 1 : personal confidence or courage that allows someone to do or say things that may seem shocking to others […]

News

Audit: City Pension Fund Still Going Broke

Auditor General Eugene DePasquale released his annual compliance audit of Philadelphia’s city pension fund today, and it has some grim news: The city’s funding ratio—the […]

City

Court Rules Jerry Sandusky Can Get Pennsylvania Pension Back

A Commonwealth Court panel ruled unanimously today that Jerry Sandusky is still entitled to his state pension despite being convicted of sexually abusing 10 boys. […]

Citified

10 Charts That Show Philly’s Outlook Is More Precarious Than Philadelphians Think

Philadelphians have a giant crush on Philly, according to poll results released last week by the Pew Charitable Trusts. Forty-eight percent of residents surveyed believe the city […]

News

New Jersey, Pennsylvania Really, Really Stink at Pension Funding

New Jersey and Pennsylvania have America’s most-underfunded public employee pension systems, says a new report from the National Association of State Retirement Administrators. In fact, […]

News

Philly’s Unfunded Pension Liabilities: $5.3 Billion

A stark reminder of the seriousness of the “pension crisis” you hear about so often: A new report says that Philadelphia is $5.3 billion behind […]

News

Report: Jersey Pension Shortfall Due to Risky Christie Investments

Chris Christie might be great at yelling at teachers, but you might not want to take financial advice from him.