Inside a tumultuous week for Dallas Police & Fire Pension System
KERA News interviews Dallas Mayor Mike Rawlings, who sued the Dallas Police & Fire Pension System this week — as a private citizen — to try to stop pension members from withdrawing money from the fund early.
Issues with the Dallas Police & Fire Pension System came to a head this week. Dallas Mayor Mike Rawlings this week sued the pension board — as a private citizen — to try to stop pension members from withdrawing money from the fund early. Those "runs on the bank" have been spurred by fears the pension could become insolvent in a decade without changes. The pension board voted to stop those withdrawals, and the city also unveiled a proposed plan to fix the fund.
KERA has this interview with Rawlings about the system.
Read more from The Texas Tribune:
• A recent report identified Dallas and Houston as having among the highest pension shortfalls among local governments in the country.
• Big Cities, Big Challenges (video): Dallas Morning News Editor Mike Wilson interviewed Dallas Mayor Mike Rawlings and Houston Mayor Sylvester Turner at The Texas Tribune Festival.
Information about the authors
Quality journalism doesn't come free
Perhaps it goes without saying — but producing quality journalism isn't cheap. At a time when newsroom resources and revenue across the country are declining, The Texas Tribune remains committed to sustaining our mission: creating a more engaged and informed Texas with every story we cover, every event we convene and every newsletter we send. As a nonprofit newsroom, we rely on members to help keep our stories free and our events open to the public. Do you value our journalism? Show us with your support.Yes, I'll donate today