Philadelphia is known as the city of brotherly love and, apparently, paying out massive pensions to public employees who will continue working for the city.
Marion B. Tasco, who has been described as being “politically savvy,” will retire from her sixth term as councilwoman, collect $478,057, and then be sworn in on Monday to serve her seventh term, Catherine Lucy and Chris Brennan of the Philadelphia Daily News.
Naturally, when DROP was originally introduced, it was touted as being “revenue neutral.” It’s been anything but that. Since its introduction, Philadelphia’s DROP program has cost the city $258 million in extra pension costs over a decade, according to a 2010 Boston College study.
Philadelphia’s Mayor Nutter has tried on numerous occasions 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,” writes Jan Ransom of the Daily. Nutter has vowed to work “tirelessly” to abolish the program.
Didn’t this lady retire? Didn’t the city throw her a retirement party?
Here was Mayor Nutter giving a final salute to Tasco:
She certainly will, Mayor Nutter. It’s called MAJOR DEBT and MAJOR STUPIDITY on your part and your city council! Who would not want such a deal? Retire. Collect pension. Make more money. Repeat.
Why leave a job when someone this stupid is willing to pay you to retire and then on top of that, pay you more to come back? No wonder so many cities are going broke and raising taxes! We have to pay for this kind of stupidity!
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