We mourn the passing of Brother Holsey and send our condolences to his family, and we will continue to work to provide support for brothers and sisters on the job impacted by his passing.
What Is DROP?
DROP program was created to keep city workers on the job with institutional knowledge longer, while helping the city plan for retirements. DROP is an enhancement to your current pension plan. Under DROP (Deferred Retirement Option Plan), an employee sets a date up to four years in advance. At that point, your monthly pension benefit is then credited to a tax-deferred interest-bearing account. When you officially retire within four years of your DROP enrollment date, you will begin to receive your monthly pension benefit, plus the accumulated balance in your DROP account.
Who Is Eligible to Participate?
Any employee who has attained at least 10 years of credited service* and attained the normal retirement age of their plan – Plan J – Age 55; Plan Y – Age 60.
What happened to the DROP?
In or about September 2011, The City passed Bill 110443 (Drop Ordinance) making changes to the plan. The bill would have changed the age you could enter drop and the interest rate. DC 47 filed an unfair labor practice with the NLRB for Local’s 2187 and 810. Our members were harmed and we fought back. During the negotiations, then Mayor Nutter separated Local 2186 from DC 47 negotiations, because they are a meet and discuss Local. They HAD to enter Drop under the new ordinance. Our members were harmed and we fought back.
Settlement Reached and What does it all mean for me?
President Fred Wright, Chief Negotiator for AFSCME DC 47; with the advice of Local 810 President Jim Magee, Former Local 2186 President Alfreda Jones, and Pension Representative Carol Stukes-Baylor was able to reach a settlement on October 31, 2016. Members of Local 2186 were made whole. This settlement is the same as AFSCME District Council 33. Local 2187 President Bob Coyle was consulted.
NOTE: It will not be retroactive – meaning that if a person is DROP eligible but not in DROP, they cannot ask to be put in at an earlier date.
Example of a Drop Benefit:
(Not to undermine the interest rate… BUT If your service retirement benefit is $2,600.00 monthly and you remain in DROP for the maximum four-(4) year period, upon separating from city employment on average without any interest rate calculated you can receive about $124,800.
For further information concerning DROP, call 215-496-7430 to arrange an appointment with a pension counselor.
DC 47 Local 2186’s Donnell Martin and DC 47 Local 2187’s Dave Mora received awards from the Philadelphia Area Project on Occupational Safety and Health (PHILAPOSH) on Friday night. DC 47’s Health & Safety Director Michelle Jamison introduced them. Click on the link below to hear a portion of Michelle Jamison’s introduction.
Brothers and Sisters from Local 2186 gathered for their general membership meeting on Friday.