46.8 F
Fort Worth
Sunday, November 29, 2020
Government Dallas officials consider new pension to replace ailing one

Dallas officials consider new pension to replace ailing one

Other News

Tarrant County DA’s office changing how it handles misdemeanor marijuna cases

The Tarrant County Criminal District Attorney’s Office is changing how it handles misdemeanor marijuana cases. The Tarrant County  Criminal District Attorney’s Office on Monday, Nov....

Arlington selects new police chief from Baltimore department

Col. Al Jones, a 25-year veteran of the Baltimore County Police Department, has been appointed the new police chief of the the City of...

Family of Black woman shot through window sues Texas officer

FORT WORTH, Texas (AP) — Family members of a Black woman who was killed when a white police officer fired through a window of...

Law firm offers free estate plans for health care workers during pandemic

Fort Worth attorney Erik Martin says he felt compelled to find a way for his law firm to join the effort to support frontline...

DALLAS (AP) — A fresh proposal by Dallas officials to fix the city’s troubled police and fire pension fund would establish a new retirement system and allow the current, ailing one to continue its trek toward insolvency.

Chief Financial Officer Elizabeth Reich told the city council Wednesday that establishing a new system is an option, but the goal remains fixing the one experts say will become insolvent in 10 years. The Legislature must review any remedy.

Under the proposal, younger employees could transfer to the new system and get traditional benefits in addition to a 401K with a 5 percent city match.

Police and firefighters who transfer would take lower guaranteed benefits.

Taxpayers would continue to contribute to the current system, but beneficiaries would have no guarantee of future payments once the fund runs out of money.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

JRB Fort Worth chosen for main operating base for C-130J aircraft

Naval Air Station Joint Reserve Base Fort Worth has been selected as a main operating base for eight C-130J aircraft at the 136th Airlift...

Tarrant County DA’s office changing how it handles misdemeanor marijuna cases

The Tarrant County Criminal District Attorney’s Office is changing how it handles misdemeanor marijuana cases. The Tarrant County  Criminal District Attorney’s Office on Monday, Nov....

Arlington selects new police chief from Baltimore department

Col. Al Jones, a 25-year veteran of the Baltimore County Police Department, has been appointed the new police chief of the the City of...

GM flips to California’s side in pollution fight with Trump

DETROIT (AP) — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its...

Fort Worth out of running for Space Command HQ, San Antonio still in

A Texas city could still host the U.S. Space Command headquarters, but it’s not going to be Fort Worth. The U.S. Air Force has narrowed...