Verna Says City Council Is Moving Forward On “DROP”

PHILADELPHIA (CBS) – City Council members are ever-so-close to finally releasing their own study of the cost of the controversial pension perk known as “DROP” — and close to finally scheduling a hearing on whether to abolish the program.

The Council’s DROP report is now scheduled for release next Tuesday.

Read other stories related to “DROP” Pension Program

City Council president Anna Verna confirms that the study of DROP commissioned by Council puts the cost of the program at about $10 million a year, far less than the mayor’s estimate of about $28 million a year.

But the Council report, Verna says, is still not ready for public consumption.

“We’re hoping to make that available as soon as our consultant signs the report,” Verna told KYW Newsradio on Thursday.

Mayor Nutter says even at $10 million a year, DROP is too expensive and should be abolished.  Council will have to choose between doing that, or tweaking the program to try to make it cost-neutral.

No hearing is yet scheduled, and it is unclear if one will be held before the May primary.

“I think Council members would prefer seeing it listed (a hearing scheduled) as soon as possible,” Verna said.  “I don’t want anyone to think that we are dragging our feet.  Because we’re not.”

Six current councilmembers are enrolled in DROP, and three — Verna, Frank DiCicco, and Frank Rizzo — are seeking re-election.

Reported by KYW City Hall Bureau chief Mike Dunn.

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  • Norton

    VOTERS ASSEMBLE…….It’s time for Verna, DiCicco and Rizzo to LEAVE!!!!!!

  • Chewy

    Talk about the inmates running the prison…….A perfect / pathetic example.

    They should be embarrassed, but NO, they think everyone is a dumbie……..You are SOOOOOOOO wrong!

    Greed is the number one thing on all of their agendas….NOTHING LESS!!!

  • grumpy

    Philadelphia needs an Egypt styled protest to dump these greedy,corrupt b@starts that are supposed to represent the people not rob them!

  • Tom

    Drop never should been started there is to much corrupton in this city.City councel has been stalling the results so they can cash they have been rapeing the city in.Its not fair to the tax payers.City councel should be tarred and feathered and fun out of this city.

  • BC

    You can bet your next meal that Verna will still take her half million dollar payoff no matter what the “report” states. Philadelphia residents should be outraged at how their City Council has raped the city. This, after taxes were raised 23% by the moron Nutter. Rizzo is no better as he plans to take the money and then run for his seat again. A total disgrace.

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