Dallas Police and Fire Pension System Wins Big Case at Texas Supreme Court

This story is developing and will be updated.The Dallas Police and Fire Pension System won a major victory Friday from the Texas Supreme Court.The state's highest civil court issued an opinion ruling against retirees who sued the system, saying their retirement fund violated their constitutional rights when it reduced the interest rate of their Deferred Retirement Option Plan accounts — known as DROP — in 2014.The lawsuit had cast a shadow over the retirement fund in recent years. An opinion in the plaintiffs' favor could've been devastating for the pension system, which is now on shaky-but-stable ground after years of tumult.   Continue reading...

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