Dallas Police & Fire Pension System Statement on Decision to Support

Rep. Flynns Compromise Plan to Address the Pension Funding Issues

February 20, 2017

The Dallas Police & Fire Pension System (DPFP) Board today voted 9-0 to support Texas House
Pensions Committee Chairman Dan Flynns compromise plan to address the DPFP funding
issues in the current session of the Texas Legislature.

Rep. Flynns plan is clearly the best option for Dallas first responders and the long-term future
of the pension fund, said Sam Friar, chairman of DPFP. The Flynn plan is sound. It secures all
previously earned benefits for retirees while protecting the fund by paying benefits out over an
extended period of time. Under Rep. Flynns proposal, the plan will be 100 percent funded in 40
to 53 years based on current assumptions compared to the current plan, which is projected
to be insolvent in approximately 10 years.

By supporting the Flynn plan, the DPFP Board (including the three Dallas City Council members
in attendance) unanimously rejected the plan pushed by Dallas Mayor Mike Rawlings and
former Dallas mayors, who seek to take back benefits already earned and credited to retirees.

We need to move beyond the citys claw back strategy to strip retirees and beneficiaries of
their earned benefits, said Friar. Rep. Flynns plan is our best option for real, lasting solutions
to provide a safe and secure retirement for Dallas first responders.