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.


We welcome comments from registered users. Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by the Daily Dispatch and (read more)
ship name
no comments have been added

Sign up to subscribe to custom state Daily Dispatch emails for free

click to subscribe