Dallas committee reviewing investment strategy of police and fire pension amid shortfall

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The Dallas City Council committee says it wants more frequent updates from the Dallas Police and Fire Pension System on how investments supporting the pension…

A Dallas City Council committee says it wants more frequent updates from the Dallas Police and Fire Pension System on how investments supporting the pension are performing.

The statements from members of the Ad Hoc Committee on Pensions came Thursday amid a lawsuit the board that oversees the pension systemhas been underperforming on investment returnsDory Wiley, the CEO of Commerce told the committee that while everyone acknowledges the city will have to increase its contributions to the pension over the next few years, but more is needed from the DPFPS too.

A disagreement on how fast the city would get to an"actuarially determined contribution" level led the DPFPS board to take the city to court earlier this month.California hospital told woman's family she had checked out when she was actually dead, lawsuit says

 

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