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She drew criticism for her support of the Deferred Retirement Option Plan (DROP), which deferred compensation for city employees allowing municipal employees to forgo some pension payments in lieu of a lump-sum payment on the date of their retirement. Prior to the 2011 municipal election, several council members exploited a loophole in DROP ...
The Philadelphia Home Rule Charter reform campaign is a campaign in Philadelphia, Pennsylvania to rewrite the city's 1951 Home Rule Charter.The campaign began in response to several local political scandals, the most recent being City Council members' participation in DROP, a Deferred Retirement Option Plan originally intended for civil service.
Recently, PICA has issued a report on the cost of Philadelphia's Deferred Retirement Option Plan (DROP), and staff reports on the City's pension system and departmental performance. Past reports include a report on the Philadelphia Fire Department, and a staff report on the expansion of the Pennsylvania Convention Center. See also
The 66-year-old from Philadelphia, ... much of his assets are locked in tax-deferred accounts such as IRAs (Individual Retirement Accounts), 401(k) plans and 457(b) plans. ... (and 1 option that ...
Tax-deferred accounts have two main advantages. ... and growth is tax-deferred until withdrawal. Retirement plans such as a 401(k) and 403(b) ... plan in 2024 is $23,000, while the limit for IRA ...
Independent (2011–2012) Parent. Frank Rizzo (father) Francis Silvestri Rizzo[1] (born March 5, 1943), commonly known as Frank Rizzo Jr., is an American politician. He is the son of former Philadelphia Mayor Frank Rizzo and served as a Republican and briefly as an Independent member of the Philadelphia City Council for a combined sixteen years ...
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