'DROP' Report Likely to be Released Next Week
A long-awaited — and long-delayed — review of Philadelphia’s controversial “DROP” program may finally see the light of day next week.
KYW’s Mike Dunn reports it was in the spring of 2009 that Mayor Nutter announced that he was commissioning a review of the 11-year-old DROP program, authored by pension experts at Boston College. Now it’s complete and is expected to be made public next week:
“The report is in its absolute, final stages of review.”
The mayor’s spokesman Doug Oliver says previous examinations of DROP looked at what it should do, while this report studies the degree to which DROP has achieved its goals:
“Based on that you have a better sense of whether it’s costing the city money, or if it’s saving the city money.”
And based on that, the city’s pension board, the mayor and city council members are to decide whether DROP should be dropped.
The program, begun during the tenure of Ed Rendell, was meant to allow city managers to better plan for the retirement of workers. But critics deride it as a cash-grab for workers, that costs the city money.