Weekend retirement allows Tasco to collect $478,000
Friday will be the last day of work for six members of Philadelphia City Council. Another council member will retire just for the weekend before resuming work on Monday.
Councilwoman Marian Tasco has taken plenty of criticism for her decision to apply for a lump sum retirement payment and then run for re-election.
Francis Bielli of the city pension board explains what happens now.
“Her last day worked is Dec. 30. Within 45 days, she will receive the DROP payment of $478,057.30. She will recommence work upon inauguration,” he said.
Inauguration day in Philadelphia is Monday, so Tasco will be taking off only Saturday and Sunday.
Register of Wills Ron Donatucci also applied for a Deferred Retirement Option Program payment and ran for re-election. He technically retired Dec. 23 and will return on Monday after collecting more than $366,000 in retirement payments.
Over Mayor Michael Nutter’s objection, City Council this fall chose to preserve DROP while reducing its cost.
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