Dallas Council Approves Comprehensive Funding Plan for Police Pension

Thursday, 12 September 2024, 05:28

Dallas Council has approved a new funding plan for the police pension that allocates $11 billion over 30 years. This decision aims to address a serious budget shortfall affecting Dallas pensioners. The plan offers a modest annual stipend and seeks to ensure financial stability for retirees amidst ongoing legal disputes.
Fox4news
Dallas Council Approves Comprehensive Funding Plan for Police Pension

Dallas Council Takes Steps to Secure Police Pension Fund

The Dallas City Council has reached a significant milestone by approving an $11 billion funding plan for the Dallas Police and Fire Pension fund over the next 30 years. This step is critical in addressing a budget shortfall exceeding $3 billion, impacting the financial futures of Dallas police retirees.

Implications for Dallas Retirees

Under this plan, retirees will receive an annual 1% stipend, contingent on the pension fund's performance, which presents a potential lifeline to those struggling with rising costs of living. However, concerns have been raised regarding its sufficiency to counteract inflation, as expressed by David Elliston, President of the Dallas Police Retired Officers Association.

  • A lawsuit currently holds up the implementation of the stipend.
  • Mayor Eric Johnson reassured that public safety remains a priority.

Next Steps and Future Meetings

The vote, while a step forward, does not resolve the ongoing lawsuit regarding the authority over the pension plan. The pension board plans to convene again on Thursday to discuss further actions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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