Dallas/ Politics & Govt
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Published on May 10, 2024
Dallas Committee Delays Pensions Meeting to Perfect Rescue Plan for Police and Fire SystemSource: City of Dallas

Dallas bigwigs are putting their heads together for a bit longer before unveiling their grand plan to save city pensions. The Dallas Ad Hoc Committee on Pensions meeting, initially penciled in for May 9, has been put on ice until May 23 at 3 p.m., giving the bean counters more time to hammer out a deal that'll keep the Dallas Police and Fire Pension System (DPFPS) from going belly up.

"We are making progress, and we all remain committed to ensuring the funding soundness of the DPFPS and protecting pension benefits for all City employees and retirees," Mayor Pro Tem Tennell Atkins, the head honcho of the pension posse, sang out in a statement, according to the City of Dallas. The city's suits have been toiling away since September last year, and they've been wading through everything from actuarial brain teasers to Wall Street wisdom to figure out how to not just keep the ship afloat but sailing smoothly.

Fingers are crossed that the squad will be able to not only come to a consensus but also deliver the goods that will make sure retired and current Dallas city employees can breathe easy about their nest eggs. The committee's strategy huddle has become a regular calendar feature since last September, proving that when it comes to money matters of this magnitude, haste is not on the menu.