Retired Dallas police, firefighters withdraw pension funds as fears continue

  • Source: WFAA-TV ABC 8 Dallas - Fort Worth
  • Published: 12/08/2016 12:00 AM

One by one, retired Dallas police and firefighters came to the pension fund to get their money. “I think instead of filing a lawsuit … it would have been a lot cheaper (for the mayor) just to get a billboard that said make a run on the bank,” retired firefighter George Snowden told News 8 outside the pension office. “So here I am making my run on the bank.” Snowden’s trip to the pension office came one day after Mayor Mike Rawlings filed a lawsuit seeking to stop lump sum withdrawals from the Dallas Police and Fire Pension Fund. Retirees are seeking to take their money out of high-interest supplemental savings accounts known as DROP.



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