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Dallas Pension Fund Halts Payments Following Mayor's Lawsuit
Reuters 
Dec. 12, 2016 "The Dallas Police and Fire Pension System's board has halted ... most payments and withdrawals from the Deferred Retirement Option Plan (DROP), a program that allows members who have passed retirement age to keep working and transfer their benefits into an account that has historically guaranteed a generous 8 percent rate of return. Nearly $500 million has been withdrawn from the DROP plan over the last few months when changes to the program were first floated." MORE >> |
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