TexasCHLforum.com

Although I am not speaking about Dallas specifically, look at Andrew McCaab. 49 years old and was about to retire at full pension. When you allow young people to retire with a relatively long life expectancy it is hard to keep any pension fund fully funded. Feds of course just go to the taxpayer but state and city government have a much harder time. Social Security at least you have to be in the 60's but police and fireman can be relatively young and therefore unless the plans are very profitable it appears to me that the pyramid scheme upon which they are founded can not be sustained.
What is the solution? Older retirement age, higher contribution by the individuals, lower plan payout or, a plan manager that can make a ton of money. Good luck with that. This is why the police and fireman associations support (or don't support) city council members in every election. Not necessarily for a better individual but one that supports their salary and pension. I can not argue against that philosophy but it is like a government union, not a good deal for the taxpayer.