Tag: Dallas police and fire
Changes impact current retirees, current employees, and current and future taxpayers. At the end of May, the Governor of Texas signed a pension reform bill for the Dallas Police & Fire Pension System (and separate measures for Houston’ three pension plans). This legislation reduces benefits, reforms the Deferred Retirement Option Program (DROP), and raises revenues…
A quick comparison suggests most Texas plans do not suffer from same problems. In the wake of the flap about the Dallas Police & Fire Pension System, many have questioned whether other Texas plans face similar problems. My sense is that the Dallas situation is extraordinary and not likely to be repeated elsewhere. The Dallas…
