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Dallas Cops Retire In Droves; Take Lump Sum Pensions Fearing Money Isn't There (And It Isn't)

Submitted by Michael Shedlock via MishTalk.com, The Dallas police and firefighters pension fund has just 45% of the money it needs to cover benefits. The fund rates to be out of money in 15 years at the current rate of withdrawals. For those eligible, the sane thing to do is retire and take a lump sum payout before the money is all gone. That’s precisely what’s happening, and it is further pressuring the system.
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Dallas Police Retiring in Droves, Taking Lump Sum Pensions, Fearing the Money Isn’t There (And It Isn’t)

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The Dallas police and firefighters pension fund has just 45% of the money it needs to cover benefits. The fund rates to be out of money in 15 years at the current rate of withdrawals. For those eligible, the sane thing to do is reti...

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