The Special Commission to Examine Philadelphia’s Pension System Holds First Meeting at SchnaderOn March 18, 2010 by Schnader in Litigation
On March 18, 2010, the Special Commission created in 2009 by the Pennsylvania Legislature under State House Bill 1828 to study, evaluate and report on Philadelphia’s pension benefit programs held its first meeting at the offices of Schnader Harrison Segal & Lewis LLP.
James Eisenhower, chair of Schnader’s Government and Regulatory Affairs Practice Group, serves as the chair of the Special Commission due to his role as chair of the Pennsylvania Intergovernmental Cooperation Authority (PICA). The Special Commission also includes Mayor Michael Nutter, members of the City’s Pension and Retirement Board, and the chair of the Pennsylvania Employee Retirement Commission.
They are required to complete and submit their first study within two years of the effective date of the legislation, with subsequent reports to be completed every two years thereafter, until January 2016. Reports are to be submitted to the Chair and Minority Chair of both the Appropriations and Finance Committee of the Senate and the House, and will be made available for inspection and review by the public as well.
Photos of the event can be viewed on Schnader’s Facebook page.