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Dallas Mayor Sues Pension Board to Stop Withdrawals
Bloomberg BNA Link to more items from this source
Dec. 6, 2016
"Dallas Mayor Michael S. Rawlings ... filed the lawsuit Dec. 5 in state court in Dallas in his personal capacity. He seeks a court order to temporarily restrict all withdrawals from the pension system's Deferred Retirement Option Plan (DROP) as 2016 outflows allegedly have greatly reduced the system's protected benefits. DROP is a program that allows eligible participants to simultaneously stay on the job with full pay while having their full retirement annuity paid into an interest-bearing account."

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