After Reform, Outlook for the Dallas Police and Fire Pension ‘cautiously Optimistic'

For the first time in the last four years of turmoil, the Dallas Police and Fire Pension System's funding picture is brighter than the year before.The improvement is small compared to the system's funding ratio last year. And the outlook is still not pretty. But the future is officially not horrendous anymore.Officials from the pension system and Segal Consulting presented a report Thursday that shows the fund's performance in 2016 and projections going forward. The projections showed the dramatic long-term financial impact of legislation, set to become law Sept. 1, that will save the fund from insolvency."There is a future for this plan," said Jeff Williams of Segal Consulting.   Continue reading...