Inside a tumultuous week for Dallas Police & Fire Pension System
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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.
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