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2009 House Bill 1828: Resolving the Philadelphia pension crisis

Public Act 44 of 2009

  1. Introduced by Rep. Jewell Williams (D) on July 3, 2009, to permit the city of Philadelphia to: utilize a 30-year amortization period for its pension fund instead of a 20-year period; defer a portion of city pension contributions in fiscal year 2010 and fiscal year 2011; defer $150 million of over $447 million in city pension contributions in fiscal year 2010; defer $80 million of over $538 million in city pension contributions in fiscal year 2011; repay deferred amounts with interest in total by fiscal year 2014; repay the entire $230 million deferral amount in fiscal year 2013 and fiscal year 2014; pay 8.25 percent interest on the amounts deferred during fiscal year 2010 through fiscal year 2014; and increase the sales tax by 1 percent for five years and earmark revenue from the increase to city pension payments.
    • Referred to the House Appropriations Committee on July 3, 2009.
    • Referred to the House Rules Committee on July 6, 2009.
    • Referred to the House Appropriations Committee on July 7, 2009.
      • Reported in the House on July 30, 2009.
  2. Passed 112 to 85 in the House on August 5, 2009.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on August 5, 2009.
    • Referred to the Senate Finance Committee on August 5, 2009.
      • Reported in the Senate on August 24, 2009.
    • Amendment offered by Sen. Patrick M. Browne (R) on August 26, 2009. The amendment passed by voice vote in the Senate on August 26, 2009.
  4. Passed 38 to 9 in the Senate on August 26, 2009, to permit the city of Philadelphia to: utilize a 30-year amortization period for its pension fund instead of a 20-year period; defer a portion of city pension contributions in fiscal year 2010 and fiscal year 2011; defer $150 million of over $447 million in city pension contributions in fiscal year 2010; defer $80 million of over $538 million in city pension contributions in fiscal year 2011; repay deferred amounts with interest in total by fiscal year 2014; repay the entire $230 million deferral amount in fiscal year 2013 and fiscal year 2014; pay 8.25 percent interest on the amounts deferred during fiscal year 2010 through fiscal year 2014; and increase the sales tax by 1 percent for five years and earmark revenue from the increase to city pension payments.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on August 26, 2009.
    • Referred to the House Rules Committee on August 26, 2009.
      • Reported in the House on September 10, 2009.
  6. Passed 113 to 76 in the House on September 11, 2009, to permit the city of Philadelphia to: utilize a 30-year amortization period for its pension fund instead of a 20-year period; defer a portion of city pension contributions in fiscal year 2010 and fiscal year 2011; defer $150 million of over $447 million in city pension contributions in fiscal year 2010; defer $80 million of over $538 million in city pension contributions in fiscal year 2011; repay deferred amounts with interest in total by fiscal year 2014; repay the entire $230 million deferral amount in fiscal year 2013 and fiscal year 2014; pay 8.25 percent interest on the amounts deferred during fiscal year 2010 through fiscal year 2014; and increase the sales tax by 1 percent for five years and earmark revenue from the increase to city pension payments.
    Who Voted "Yes" and Who Voted "No"

  7. Received in the Senate on September 14, 2009.
    • Referred to the Senate Rules & Executive Nominations Committee on September 14, 2009.
  8. Passed 32 to 17 in the Senate on September 17, 2009, to permit the city of Philadelphia to: utilize a 30-year amortization period for its pension fund instead of a 20-year period; defer $150 million of over $447 million in city pension contributions in fiscal year 2010; defer $80 million of over $538 million in city pension contributions in fiscal year 2011; repay deferred amounts with interest in total by fiscal year 2014; repay the entire $230 million deferral amount in fiscal year 2013 and fiscal year 2014; pay 8.25 percent interest on the amounts deferred during fiscal year 2010 through fiscal year 2014; and increase the sales tax by 1 percent for five years and earmark revenue from the increase to city pension payments.
    Who Voted "Yes" and Who Voted "No"

  9. Signed by Gov. Edward G. Rendell on September 18, 2009.

Comments

Re: 2009 House Bill 1828 (Resolving the Philadelphia pension crisis)  by NathanBenefield on September 8, 2009 

Here is the Commonwealth Foundation analysis of the latest version of this bill.



2009 House Bill 1828 (Resolving the Philadelphia pension crisis)  by admin on January 1, 2001 
Introduced in the House on July 3, 2009, to permit the city of Philadelphia to: utilize a 30-year amortization period for its pension fund instead of a 20-year period; defer a portion of city pension contributions in fiscal year 2010 and fiscal year 2011; defer $150 million of over $447 million in city pension contributions in fiscal year 2010; defer $80 million of over $538 million in city pension contributions in fiscal year 2011; repay deferred amounts with interest in total by fiscal year 2014; repay the entire $230 million deferral amount in fiscal year 2013 and fiscal year 2014; pay 8.25 percent interest on the amounts deferred during fiscal year 2010 through fiscal year 2014; and increase the sales tax by 1 percent for five years and earmark revenue from the increase to city pension payments


The vote was 112 in favor, 85 opposed and 6 not voting

(House Roll Call 0 at House Journal 0)

Click here to view bill details.