COMMUNICATION 120847
Controlled by CITY COUNCIL

RETIREMENT SYSTEM

Description

Transmitting a bill 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 fin

Actions

  • Oct. 18, 2012:  READ by CITY COUNCIL

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Introduced: Oct. 18, 2012
Last action: Oct. 18, 2012
Status: PLACED ON FILE

Sponsors

Source

View COMMUNICATION 120847 on the City Clerk's website.