Mayor Nutter vetoes DROP modifications

    Philadelphia Mayor Nutter has vetoed a measure to modify a controversial retirement program for city employees. Nutter says the bill does not go far enough.

    Philadelphia City Council passed a measure they say would reduce the cost of the Deferred Retirement Option Plan, also known as DROP.

    Nutter says DROP should be eliminated.

    “Any cost is too much cost. We need to end this program now, not tinker around the edges not try to make it less bad. This is a program that needs to go away,” said Nutter.

    The DROP program allows employees to announce their retirement early, have pension payments deposited into an account so they can get a lump sum payment when they leave.

    The modified DROP program passed by a vote of 14-to-3. Twelve votes would be needed to override the Mayor’s veto.

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