Thursday, December 29, 2011

PHILLY COUNCILWOMAN WILL ‘RETIRE’ FOR ONE DAY, COLLECT A $478K PENSION, AND RETURN ON MONDAY

On her Philadelphia City Council web page, the Honorable Marion B. Tasco is touted "as one of Philadelphia's most influential, politically savvy, and pro-active public officials," in the city and over the next few days Tasco could be proving that claim correct.
Catherine Lucy and Chris Brennan of the Philadelphia Daily News point out that on Friday, Tasco will retire from her sixth term as councilwoman, collect $478,057 and be sworn in on Monday to serve her seventh term.
Tasco, along with many of her fellow Council members, is enrolled in Philadelphia's Deferred Retirement Option Plan (DROP).
Aaron Kase of Philadelphia Weekly writes that DROP allows city workers to collect salary and build up pension money during the last four years of their employment. article

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