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IPFS News Link • Pensions

Not Just Dallas: Fort Worth Employees' Pension Plan in Deep Trouble

• https://mishtalk.com, by mishgea

Let's dive into the Comprehensive Annual  Financial Report for the Fort Worth Employees' Retirement Fund  for fiscal years ended September 30, 2015 & 2014 to see what we can find.

The Fort Worth "City" Pension plan has a liability of $1.271 Billion on assets of only $2.094 billion.

The "Staff" plan which covers the people running the pension plan is in better shape.

For the fiscal year ending September 30, the numbers got much worse.

The pension liability for the "City" plan for fiscal year ending September 2015 jumped to $2.124 billion. The plan has more net liabilities than assets.

Congratulations to the staff running running the retirement plan. They are in much better shape.


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