Dallas Police and Fire Pension Fund | KERA News

Dallas Police and Fire Pension Fund

Christopher Connelly / KERA News

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 emergency calls, and both cities are slower to get to non-emergency situations.

Laura Buckman for The Texas Tribune

The pension overhaul bill that divided Dallas officials and first responders for months is now headed to Gov. Greg Abbott's desk. The Texas House on Thursday unanimously agreed with the Senate's changes to House Bill 3158.

From Texas Standard:

On its current path, the Dallas police and fire pension fund would run out of money in 10 years, leaving thousands of public safety pensioners in the lurch.

LM Otero / Associated Press

After months of negotiations, a deal has been reached on fixing the troubled Dallas Police and Fire Pension Fund.

Laura Buckman for The Texas Tribune

The bruising battles over legislative fixes to failing pension systems in Dallas and Houston could eventually evolve into a statewide war over the kind of retirement funds public employees should be offered.

In Dallas And Houston, Pension Fights Escalating, Sparking Unexpected Debates

Apr 17, 2017
Turner: Bob Daemmrich/Rawlings: Eric Schlagel / The Texas Tribune

Pension leaders and elected officials in Dallas and Houston had one job: Get all parties from each city on the same page about how to shore up multi-billion-dollar retirement fund shortfalls before seeking help from state lawmakers.

Dan Flynn

A Texas House pensions committee advanced a bill to the full House this week aimed at fixing the Dallas Police and Fire Pension fund. The key figure in Austin for the troubled pension funds in Dallas and Houston is a small town-Republican.

From Texas Standard

Over the last few months, the Dallas Police and Fire Pension System has tanked, with reports saying the fund turned into a catastrophe after a string of bad real estate investments. To make matters worse, participants attempted to withdraw hundreds of millions of dollars, forcing Dallas Mayor Mike Rawlings to take legal action to stop the bleed off. Now Rawlings is asking for  a full-blown criminal investigation led by the Texas Rangers.

Texas Rangers Launch Criminal Probe Into Dallas' Pension Shortfall

Dec 30, 2016
Brandon Formby / Texas Tribune

The Texas Department of Public Safety is investigating whether criminal behavior at least partially contributed to the multi-billion-dollar shortfall facing Dallas' police and fire pension funds.

drriss / Flickr Creative Commons

Dallas Mayor Mike Rawlings says he has spoken with the Texas Department of Public Safety to request a criminal investigation of the past administration of the Dallas Police and Fire Pension Fund.

Shutterstock

Credit rating agency Moody's has once again downgraded the city of Dallas bond rating. It means the city will pay more interest on new debt. The agency cited, in part, the troubled Dallas Police and Fire Pension Fund. It could go broke in about a decade if changes are not made.

JIM YOUNG/REUTERS

Issues with the Dallas Police and Fire Pension System came to a head this week. Dallas Mayor Mike Rawlings sued the pension board – as a private citizen – to try to stop pension members from withdrawing money from the fund early.  

Shutterstock

The Dallas Police and Fire Pension Board voted Thursday morning to halt withdrawals from the fund’s Deferred Retirement Option Program, known as DROP.

Shutterstock

The Dallas City Council today was briefed on a potential fix for the city’s ailing Police and Fire Pension Fund, which could go broke in as soon as a decade without any changes.

Daxis

Dallas Mayor Mike Rawlings filed a lawsuit Monday to stop the Dallas Police and Fire Pension system from allowing retirees to pull their deferred retirement funds from the ailing system.

Kenny Tong / Shutterstock.com

On Friday, a state district judge ruled that members of the troubled Dallas Police and Fire Pension Fund can vote on proposed benefit cuts. Some firefighters and police officers had filed a lawsuit in part to block members from voting on the cuts. The pension fund has been struggling – and some worry it could ultimately bankrupt the city.

Billions In Pension Shortfalls Threatening Texas Cities' Budgets

Dec 2, 2016
Illustration by Todd Wiseman / Vittorio Ferrari / Texas Tribune

The state’s largest cities face tens of billions of dollars in unfunded liabilities to employee pension funds, a series of separate financial situations that is spurring massive account withdrawals, ongoing lawsuits, mounting political friction and national media attention.

MUSEUM TOWER/SOTHEBY'S INTERNATIONAL REALTY

A vote scheduled to begin Nov. 14 to help rescue the failing Dallas Police and Fire Pension Fund instead has been put on hold after five cops and firefighters filed a lawsuit.