Bill 120824
Controlled by Committee on Finance

Description

Authorizing and approving the City to amend the payments due under an Alternative Funding Mechanism for a portion of the unfunded actuarial accrued liability of the City of Philadelphia Retirement System pursuant to the Municipal Pension Plan Funding Standard and Recovery Act, through the execution and delivery of a supplement to a Service Agreement between the City of Philadelphia and the Authority, such amendment of payments to be effected through the issuance of the Authority's bonds to provide funds to purchase outstanding bonds of the Authority previously issued to finance such Alternativ

Read the full Bill: CertifiedCopy12082400.pdf

Actions

• Oct. 18, 2012:  Introduced and Referred to the Committee on Finance by CITY COUNCIL
• Nov. 14, 2012:  HEARING NOTICES SENT by Committee on Finance
• HEARING HELD by Committee on Finance
• REPORTED FAVORABLY, RULE SUSPENSION REQUESTED by Committee on Finance
• Nov. 15, 2012:  ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR by CITY COUNCIL
• ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR by CITY COUNCIL
• SUSPEND THE RULES OF THE COUNCIL by CITY COUNCIL
• Nov. 29, 2012:  READ AND PASSED by CITY COUNCIL
• SIGNED by MAYOR

Legislation that mentions this bill

• COMMUNICATION 121026: Transmitting a message advising Council that Bill No. 120824, which was passed by Council on Novembe...

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