Click on Philadelphia Charter and Code; reference Title 22-Public Employees Retirement Code. The Garner Firm is a nationally recognized ERISA employee benefits and employment law firm representing employees, executives, managers, and professionals.ERISA applies to all benefits secured through private employer employee benefit plans. As a business owner, you can offer insurance and retirement benefits that can make a difference for both your employees and your business. The Board of Pensions and Retirement manages the assets of the City's pension fund, ensuring there is enough money to pay out to those who have earned benefits. In the decades since, further changes to funding rules and significant increases in PBGC premiums have accelerated the decline in DB pension plan coverage. There is no guaranteed retirement benefit in a defined contribution plan. Children's Hospital of Philadelphia offers this plan as part of workplace benefits. PSERS is one of the largest public pension plans in the nation. Participation in this benefit is mandatory.