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Fort Worth joins cities with excess unfunded pensions
Fort Worth Star Telegram ^
| Cary Hirst
Posted on 06/17/2014 6:59:14 AM PDT by rstrahan
Transparency is coming home to hit he City of Fort Worth with municipal pensions. $1.2 billion in unfunded liabilities. The city changed the growth calculation for benefits reducing the pension payout over a long period, but the Police and FD unions filed suit. Taxpayers will ultimately have to suck up this plus the continues growth.
(Excerpt) Read more at star-telegram.com ...
posted on 06/17/2014 6:59:14 AM PDT
posted on 06/17/2014 7:02:37 AM PDT
If the pensions are, indeed, unfounded
, then they do not represent a liability to the city.
It's the UNFUNDED pensions they need to worry about.
posted on 06/17/2014 7:03:05 AM PDT
(Don't blame me, I voted for Kodos.)
What is with things that have been widely discussed since the seventies suddenly being resurrected as “news”?
posted on 06/17/2014 7:09:27 AM PDT
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
posted on 06/17/2014 7:13:33 AM PDT
., because of you and your stupid regulations, taxes and rules! STOP!
I hope you don't mind, I expounded on your letter.
posted on 06/17/2014 7:32:21 AM PDT
(PRAYER: It's the only HOPE for real CHANGE in America!)
Were broke., because of you and your stupid regulations, taxes and rules! STOP!
I hope you don’t mind, I expounded on your letter.
I certainly don’t mind. You just pointed out the reasons why we’re broke.
posted on 06/17/2014 8:15:46 AM PDT
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