Philadelphia Controller is advocating for a plan to convert certain pensioners to a less generous retirement plan in exchange for a one-time payout. The goal being to reduce the City’s unfunded pension liabilities by $1 billion (~17%).
Philadelphia Controller is advocating for a plan to convert certain pensioners to a less generous retirement plan in exchange for a one-time payout. The goal being to reduce the City’s unfunded pension liabilities by $1 billion (~17%).