Mayor Nutter Vetoes DROP Changes

Mayor sticks to his position to abolish the pension program

Normal 0 Philadelphia Mayor Michael Nutter promised that the only DROP action he would consider was his own plan to abolish it.

Nutter stuck to that position on Thursday and vetoed the legislative changes contained in a retooling of the Deferred Option Retirement Plan (DROP) that was approved by Philadelphia City Council. Council voted 14-3 last week to keep the controversial program alive.

There has been an ongoing disagreement about the true costs associated with DROP. Mayor Nutter said the public doesn’t support it.

Council’s changes were designed to save money by pushing back eligibility for non-uniform employees and dropping interest rates for future DROP participants.

Council would need 12 votes to override Nutter’s veto.

Thursday’s council meeting was the final session before the schedule summer recess.

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