Amending Title 19 ("Finance, Taxes and Collections") of The Philadelphia Code to add a new chapter creating the Philadelphia Retirement Savings Program as an automated savings program for certain employees in the City of Philadelphia, to establish the Philadelphia Retirement Savings Board, and to establish the Retirement Savings Administrative Fund, all under certain terms and conditions.

Amending Title 19 (“Finance, Taxes and Collections”) of The Philadelphia Code to add a new chapter creating the Philadelphia Retirement Savings Program as an automated savings program for certain employees in the City of Philadelphia, to establish the Philadelphia Retirement Savings Board, and to establish the Retirement Savings Administrative Fund, all under certain terms and conditions. THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS Section 1. Title 19 of The Philadelphia Code is hereby amended to read as follows: TITLE 19. FINANCE, TAXES AND COLLECTIONS * * * CHAPTER 19-4700. AUTOMATED SAVINGS PROGRAM § 19-4701. Definitions. (1) “Board” means the Philadelphia Retirement Savings Board established under this chapter. (2) “Covered employee” means an individual who is employed by a covered employer, whose regular duties occur in the city, and who has wages or other compensation allocable to the State of Pennsylvania. “Covered employee” does not include: (a) Any individual who is an employee of the federal government, Pennsylvania or any other state, any county or municipal corporation, or any of Pennsylvania’s or any other state’s agencies or instrumentalities. (b) Any employee covered under the federal Railway Labor Act. (c) Any employee on whose behalf an employer makes contributions to a Taft-Hartley multiemployer pension plan. (d) Any employee who is ineligible for covered employee status under regulations promulgated by the Board. (e) Any employee under the age of…