Dallas City Council considers hiring an outside firm to address $3.4B pension shortfall, planning $11B funding restoration over 30 years.
Dallas is considering hiring an outside firm to help address a $3.4 billion shortfall in its Police and Fire Pension System, which has consistently underperformed compared to other Texas public pensions. The City Council plans to approve an $11 billion funding restoration over 30 years. Improving the pension's performance could reduce taxpayer burdens and allow for better funding of city services. A vote on the plan is expected on September 11.
September 04, 2024
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