Presenter
Presented by Ms. McDonald
title
Ordinance amending and restating the Pittsburgh Code, Title One Administrative, Article XI, Personnel, Chapter 192 in its entirety to provide, in certain cases, for the elimination of the social security offset; standardizing the calculation of the pension allowance inclusion of actuarially neutral survivor benefits; provide for the payment of interest on pension contributions and to make other clarifying amendments.
Body
WHEREAS, the City has determined to provide for the enhancement of certain pension benefits in order to allow better compensation to municipal employees in a manner which fairly burdens the City's taxpayers and avoids unduly burdening an under-funded municipal pension plan; and
WHEREAS, the City has determined that application of limited resources would be fairly applied to allow for the elimination of the social security offset affecting current employees who are members of the Municipal Pension Fund; standardize the calculation of the pension allowance, provide an actuarially neutral survivor benefit to current employees who are members of Municipal Benefit Plan 1 and provide for the payment of interest on contributions for members who seek a return of their contributions; and
WHEREAS, it is within the Mayor's prerogative as Chief Executive to bargain for the extension of such benefits to employees who are subject to collective bargaining agreements and it is the Mayor's express intent to bargain in good faith to extend such benefits to such employees;
Now, therefore be it resolved by the Council of the City of Pittsburgh as follows:
Section 1 That Pittsburgh Code, Title One Administrative, Article XI, Personnel, Chapter 192 is amended and restated in its entirety as follows:
Attachment
General Provisions
192.01 Definitions
Municipal Benefit Plan No. 2
192.20 Municipal Benefit Plan No. 2
192.21 Establishment of Municipal Benefit Plan No. 2
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