Apparently Philadelphia is also the place to collect a huge pension as an elected official while still working for the city.
City Councilwoman Marian Tasco will retire on Friday, collect a six-figure pension payment and then return to work after she is sworn-in on Monday to serve her seventh term.
Francis Bielli, executive director for the city’s Board of Pensions and Retirement, said he was recently notified that Tasco, who is enrolled in the controversial Deferred Retirement Option Plan, will retire on Friday and collect $478,057.
Tasco was reelected despite her participation in DROP, which drew public ire after elected officials entered the program, ran for re-election and retired for a day to get hefty pension payments, only to return to office.
Retiring Councilman Frank DiCicco, who is also in the program, considered running for re-election, but after controversy erupted over DROP, he decided not to. Retiring Councilwoman Donna Reed Miller, who is also enrolled in DROP made a similar decision. Councilman Frank Rizzo lost reelection due in-part to his participation in DROP. Retiring members Jack Kelly and Council president Anna Verna are also DROP participants.
However Councilwoman Tasco isn’t the only elected official in Philadelphia “retiring” and returning to work the next day.
Another elected official set to return after collecting his DROP payment is Register of Wills Ronald Donatucci, who retired Dec. 23 and will also return on Monday, Bielli said. He collected $366,797.
Perhaps the coverage of this, coupled with new council members in January, will help Philadelphia mayor Nutter achieve his goal of abolishing the program.
Mayor Nutter has tried in vain to eliminate the DROP program. In September, Council voted to override Nutter’s veto of a bill, sponsored by Tasco that would preserve the DROP program, while reducing its cost.
Nutter has vowed to work “tirelessly” to abolish the program.
A prime example of elected officials looking out only for themselves, not the well-being of the citizens they represent.
H/T – The Daley Gator
- Tasco to exercise controversial DROP payout (philly.com)
- This Philadelphia Councilwoman Will Collect A $478K Pension Friday And Go Back To Work On Monday (businessinsider.com)
- Double-dipping, Texas-style (norunnyeggs.com)