3 Points. Laura & John Arnold Foundation. Study. Dallas Police & Fire Pensions.

• Tone of the study. The study focuses on these terms:
  • “financial crisis”
  • ” inadequate funding”
  • ” irresponsible benefit[s]”
  • “poor investment decisions”
  • “mismanaged”
  • “reckless decisions”
• Proposed solution:
  • The Legislature must give city leaders local control of the police and fire fund
  • The City must take steps to stabilize DROP
  • The City must develop a plan to pay down the pension debt ​
  • The City must adopt a better funding policy
  • Prudent investment policies must be established
  • New employees must be put in a  Defined Contribution or Cash Balance plan
• What happens if there is no pension reform:
  • ​taxes increase
  • wages will decrease for public servants

Laura and John Arnold Foundation Report on Dallas Pensions October 2016

Fox 4 News | Report criticizes transparency of Dallas Police and Fire Pension System