Dallas pension fix saved by last-minute negotiations
AUSTIN — An agreement on a fix for the troubled Dallas Police and Fire Pension system was reached Thursday that will keep the pension system solvent for as long as 46 years.
"Today is a good day," said Mike Mata, president of the Dallas Police Association. "Today is the day we solved the future of the Dallas Police and Fire Pension System."
After last-minute negotiations eased the concerns of the pension board and the police and fire associations, the Senate State Affairs Committee unanimously voted the bill to the Senate floor.
The Senate's newest version of the Dallas pension fix, originally House bill 3158 from Rep. Dan Flynn, has many similarities, but seeks to give the city more flexibility and "gives the beneficiaries a strong voice as it relates to critical issues," said state Sen. Royce West, D-Dallas. Flynn's version would make the pension system solvent in 40 years, the Senate's version will make it solvent in 46.
Read more: https://www.dallasnews.com/news/texas-politics/2017/05/18/dallas-pension-fix-saved-last-minute-negotiations
