Legislature’s fix to Dallas police and fire pension would perpetuate the disaster
April 24, 2017
The bill before the Texas Legislature to fix the failing Dallas Police and Fire Pension System is no solution. House Bill 3158 would only perpetuate the disaster. It’s unfair to taxpayers, and history explains why.
In 1996, the pension board members representing the police and firefighters (the beneficiaries) voted to increase their pension board majority from four-out-of-seven members to a super majority of six-out-of-10 (and later to eight-out-of-12).