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Bad investments saddled the City Dallas of with billions in unfunded public safety pension liability. An investment firm says different investment choices could help it.
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Dallas' CFO says the reduction could help improve the city's underfunded safety pension system.
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Dallas public safety pension officials argued in a letter that they don’t need city approval for a plan to fix billions in unfunded liabilities. City officials disagree.
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The Dallas Police and Fire Pension Fund's unfunded liabilities have increased $160 million. That brings the total to $3.2 billion.
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Some Dallas city council members want to know why about 25% of the Dallas Police and Fire Pension System's funds are in private equity investments.
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Dallas city staff says the city needs to increase annual contributions, monetize city assets and keep employee benefits flat to meet a state-required funding deadline.
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Pension officials recommend funding over $3 billion in unfunded liabilities with city assets. And they say city officials shouldn't increase employee benefits — yet.
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Dallas City Council members looked at three plans to fix the underfunded police and fire pension system. One plan could fund a cost of living increase before 2047.
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Dallas officials say staff and pension executives have known for years about billions in unfunded liabilities. And, they want a plan a year before the state's deadline.
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Retirement, death and disability benefits to police and fire rescue employees won’t be fully funded for another 68 years if nothing changes.
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A federal judge has dismissed a lawsuit against the Dallas Police and Fire Pension System over the Deferred Retirement Option Plan.The plan allowed Dallas…
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In Houston, police say there are solvable property crime cases with no one to solve them. Dallas officers are taking more time to respond to fewer…