Dallas Police and Fire Pension System Staff Could Recommend Making Another $280M in DROP Payments

Up to $280 million could leave the struggling Dallas Police and Fire Pension System this spring if the board approves a staff recommendation at its next monthly meeting.Executive Director Kelly Gottschalk wrote in a Feb. 21 court filing that the recommendation to pay out $100 million to $280 million was subject to change.But her declaration troubled City Council members who hope to keep the gate closed on the lump-sum payouts as they try to save the failing $2 billion pension fund. City Council member Scott Griggs, a pension board trustee, said such a payment would be "outrageous.""We can't allow that to happen," said City Council member Scott Griggs, a pension board trustee. "We can't allow that large of an amount of money to leave the fund."  Continue reading...