Dallas Pension Crisis Prompts Another Credit Rating Downgrade and Ban on DROP Withdrawals

The Dallas Police & Fire Pension System (DPFP) has made headlines recently due to its massive unfunded liabilities, a virtual “run” on the system since August—with an estimated $500 million in withdrawals—and its unsustainable deferred retirement option plan (DROP). The situation continues to unfold quickly, and we plan to cover the

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