2 Reasons why Dallas Police Fire Pension Stopped DROP Payments

On March 9th, Dallas Police and Fire Pension System stopped paying DROP payments.

Here’s why DROP stopped:

• The Fund was unable to renegotiate a debt agreement that could trigger a call on a $174 million loan
• City Council member trustees had threatened lawsuits if DROP payments were made while a deal was being negotiated

Dallas Morning News | Dallas Police and Fire Pension System won’t pay out DROP withdrawals after all