June 19, 2018      4:24 PM
Fort Worth could be the next city on the hot seat for pension reform at the legislature
Without adjustments to benefits, the pension fund could run out of money within 20 years; the city has been agreeable to increase contributions on its side of the ledger
Fort Worth could be the next city on the hot seat for employee
pension problems, a problem the Fort Worth City Council has only
begun to address.
The Texas Pension Review Board has begun
round-robin sessions with some of the most problematic pension funds in the
state at each meeting. The clock is ticking on Cowtown, which is scrambling to
address chronic pension shortfalls before legislative action is needed.
“The mayor and council feel very strongly they would like
to solve this pension issue locally, as compared to the state level,” said Fort
Worth Employee Retirement Fund Executive Director Joelle Mevi. “I believe they are very sincere in that effort.”
By Kimberly Reeves
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