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TA X PAY E R S F O R A F A I R P E N S I O N . O R G The future financial

health of the
TA X PAY E R S F O R A F A I R P E N S I O N
@DAL L AS 4PENSION

Who we are
Taxpayers for a Fair Pension is a newly formed group of taxpayers and city
leaders who are concerned about a potential $4 Billion dollar hit to Dallas
taxpayers that is being caused by the Dallas Police and Fire Pension System
City of Dallas is
now in your hands!
crisis. Dallas credit rating has dropped and could drop further. Taxpayers
may be left holding the bag for a problem we did not create.

Our co-chairs Our members Take action today to prevent huge tax increases and
falling city bond ratings, and secure fair pension programs
for all Dallas police officers and fire fighters!

RON KIRK LAURA MILLER TOM LEPPERT

Former Former Former
Dallas Mayor Dallas Mayor Dallas Mayor

DETACH AND MAIL BACK

Our goals
Please Add My Name to the
I WANT A FAIR DALLAS

1
PENSION SYSTEM THAT
To salvage Dallas broken

Concerned Taxpayers List

WONT REQUIRE A pension system in order to
TAXPAYER BAILOUT! save the pensions of our police
and firefighters, maintain a high
level of public safety for all our
citizens while at the same time
Name:
protecting Dallas taxpayers.

Address:
2 To get the Texas Legislature
to authorize a new pension
system that has the necessary
checks and balances, and gives
equal governing authority to the
taxpayers as well as the police
Email: and fire beneficiaries.
 Whats the problem?
The current problems with the Dallas Police and Fire
Pension Fund are the result of bad decisions that could
cost taxpayers billions:
We Need You to be a Part of the Solution! There is a potential $4 billion in unfunded liability that could
damage the reputation and prospects of Dallas and the region
Dear fellow Dallas taxpayers: for years to come while leaving taxpayers on the hook.
Dallas needs a fair and equal Police and Fire Pension System that allows the departments
to have a solid future for their employees and keeps the city competitive in its hiring and Years ago, the State Legislature established a pension fund
providing safe neighborhoods. At the same time, taxpayers need protection from massive that gave control to the beneficiaries and not Dallas taxpayers
bailouts and the assurance of adequate basics services like trash pickup, neighborhood parks, (who contribute a majority of the dollars to the fund).
libraries, and streets and alleys.
Mismanagement by the Pension Board has resulted in paltry
The Pension system is dictated by a state law. Thats why we need your help to convince Texas
returns, due in part to inept real estate investments.
legislators to improve the system.
This law has allowed the Pension Board to adopt extravagant benefits and features for pension The Pension Board voted over-the-top benefits and
members without any control from the city or accountability to taxpayers. Under this law, generous features for its members.
only the Texas Legislature or a majority of Pension members can amend it.
And the Pension Board has done just that. Additionally, the Pension Board made poor The City of Dallas and its citizens have done everything the
and suspicious investment deals and even borrowed millions for unduly risky investments. state and public-safety officials have asked and then some.
Current law does not grant Dallas the power to fix the Pension system. This costly problem The city has NEVER missed a payment to the Pension Fund.
requires legislative action. In fact, we the taxpayers have contributed over 80 percent
Dallas has put a solution on the table, one that will fully fund the Pension Plan over a 30-year of the funds and, in the past 10 years alone, have made
period without increasing property taxes. The money will come from increased contributions direct cash payments totaling more than $1.1 billion.
from the city (from anticipated economic growth) and public-safety employees and cuts
to overly generous features. More important, Dallas plan will recapture past payments of
The City of Dallas and Concerned Taxpayers are working on
overly generous features, which is the most equitable way to ensure all members, retirees and a fair plan one with checks and balances in place that
beneficiaries receive their protected benefits. Dallas plan does not require any money from the will protect base benefits for our first responders and ensure no one is treated inequitably, including taxpayers.
state, and, most important, it does not force a bailout on the backs of taxpayers. Finally, Dallas The plan will require state legislation and tough choices by the city and its employees.
plan sets control at the local level for a locally financed solution.
Please fill out the enclosed detachable card and mail it back to us today! Add your name
to the Concerned Taxpayers list and keep up to date on legislative actions concerning this
seriously important issue.
Sincerely,
Fill out this
reply card on
Ron Kirk, Co-Chair Laura Miller, Co-Chair Tom Leppert, Co-Chair

Dallas Black Dallas Citizens Council Dallas Regional Chamber

the other side to

Chamber of Commerce
Greater Dallas
Asian American Chamber
of Commerce
North Dallas
Chamber of Commerce
TA XPAYERSFORAFAIRPENSION.ORG |
Greater Dallas Hispanic MetroTex Association
Chamber of Commerce of REALTORS
Oak Cliff
Chamber of Commerce
The Real Estate Council
add your name
Stemmons Corridor
Business Association
to the Concerned
TA XPAYERS FOR A FAIR PENSION | @DALL AS4PENSION
Taxpayers List
OR SIGN UP ONLINE AT
TAXPAYERSFORAFAIRPENSION.ORG