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May 11, 2018      4:25 PM

Mayor Rawlings assures Texas House lawmakers Dallas pension fund is on its way to solvency

At this stage the mayor is hesitant to recommend any changes to statute; Over the next 35 years, the city will contribute $8.2 billion to bring the pension fund to actuarial soundness

Dallas Mayor Mike Rawlings assured the Texas House Pensions Committee in Dallas that the city’s police and fire pension fund was in a far better place than it was when lawmakers approved an overhaul of the fund’s financing and governance at the end of last session.

A number of non-House Pension Committee members, including Senators Royce West, D-Dallas, and Don Huffines, R-Dallas, were in the audience at Dallas City Hall for Rawlings’ update. The Dallas mayor said it was too early – eight months into implementation – to suggest any changes to House Bill 3158, but Rawlings said he had strong confidence in the fund’s new leadership.

By Kimberly Reeves

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