Saturday, December 10, 2016

DALLAS POLICE AND FIRE PENSION TROUBLE

By Bob Walsh

The Dallas Police and Fire Pension Fund managers voted to suspend all payments from their deferred compensation fund effective 12-09. There were supposed to be $154 million in requested withdrawals made on Friday. It seems that, if that sum were withdrawn, the deferred comp fund would drop below sustainable levels.

Maybe its just me, but something sounds wrong there.

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