Texas Senate Passes Bill That Could Help Dallas Police, Fire Pension - NBC 5 Dallas-Fort Worth

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Texas Senate Passes Bill That Could Help Dallas Police, Fire Pension

Legislation now heads to the House for approval

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    Texas Senate Passes Bill That Could Help Dallas Police, Fire Pension
    NBC 5 News
    (File photo)

    The Texas Senate unanimously passed a bill Tuesday that could help make the Dallas Police and Fire pension system solvent over the next 46 years.

    Without the bill, which next goes back to the House, the pension may go broke in a decade.

    If approved by the House the bill would then go to Gov. Greg Abbott to be signed.

    The pension fund crisis was blamed on overly generous benefits, investments that failed to produce the needed return and deception about the true value of fund assets.

    Dallas lost hundreds of police offices as conflict and fear over the pension crisis played out. The police force is now below 3,000 officers for the first time in many years, and hiring new officers is a slow process.