Watch: City Council Back To Take On DROP?
And….they’re back. City lawmakers open their fall session today and the first issue up on the chopping block (or, rather, something they’re going to pretend to want to get rid of, maybe) is the vampirical taxpayer bloodmoney bank that is DROP. Mayor Michael Nutter seems to be all about getting rid of program, which started in 1999. Aaron Kase, if you will,...
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Committee of Seventy Explains DROP Program
The Committee of Seventy continues to do our job for us with a succinct explanation of the city’s embattled Deferred Retirement Option Plan (DROP). Simply put, DROP is a way for city workers to both collect salary and accumulate pension money over the last four years of their employment. DROP was originally introduced as a revenue neutral management tool,...
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DROP Program May Soon Be Dropped
Mayor Nutter released the much-anticipated and controversial DROP report today. (Photo: Matt Petrillo) Mayor Nutter stood today in front of Philadelphia Fire Fighters’ Union President Bill Gault, Fraternal Order of Police Lodge 5 President John McNesby and a handful of other blue-collar and city union leaders while he announced that he would be sending...
Continue ReadingNutter Supports Jobs Bill, But What About DROP?
Mayor Nutter joined the country’s other mayors yesterday in Washington in support of a bill that would save jobs. The report, released by the the U.S. Conference of Mayors (which includes a picture of Nutter on its homepage, how exciting!), concludes that local governments will slash approximately a half-million local jobs in the next 18 months all across...
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