Dallas

Dallas Police, Firefighters Vote to Not Cut Benefits

Dallas police and firefighters voted to not cut pension benefits, according to results posted on the pension system's website Saturday afternoon.

Police and firefighters rejected a plan that included a $1.1 billion cash infusion from the city but also called for benefit reductions and increased member contributions.

Five police officers and firefighters had requested a temporary injunction to stop the vote, but a Texas judge denied their request.

Forty five percent of members voted in favor of the cuts, while 55 percent voted not in favor. The proposal need 65 percent of the vote to pass.

The city has estimated that the pension plan could be insolvent in 10 years after members withdrew more than $500 million in deferred retirement funds. Since then, pension trustees voted to blocked withdrawals from the fund.

The city has also come up with its own plan to make the troubled fund solvent.

Even if pension and city officials agree on a plan, Texas lawmakers will have the final say, since state law created the Dallas Police and Fire Pension system.

Pension officials released a statement on the vote that read in part:

"The decision by members of DPFP to reject (the proposal) does not change the mission of DPFP and its members, board and staff. DPFP remains committed to making the necessary adjustments to ensure that Dallas' first responders can rely on the retirement benefits they have earned."

Click here for the complete statement by pension officials.

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