Uh Oh, and they thought they could escape into retirement. Remember, the state owns whatever you have and if they want it back after it is given... tough shit citizen, suck it up, its for the good of the masses!
Dallas Police and Fire pension members may have to pay back funds
Tanya Eiserer, WFAA 6:52 PM. CST January 05, 2017
It's a name now often bandied about when talking about the failing Dallas Police and Fire Pension fund.
"The reality of it is that it was a Bernie Madoff type scheme," says Lee Kleinman, a city council member and former pension board trustee.
The city has agreed to put in an additional billion dollars over 30 years, but they're proposing a series of bitter pills to make up the rest of the nearly $4 billion shortfall.
The bitterest pill: A proposal to take back all of the interest police and firefighters earned on Deferred Option Retirement accounts, or DROP. That would amount to an additional billion dollars saved.
The city is calling it an "equity adjustment." Retirees call it an illegal "claw back."
iprazhm: I live in Fl and Rubio used to be the Florida Speaker of the House. As Speaker, he refused to allow bills on the floor for a vote, that hindered illegal aliens. On CNN, he said that he's willing to take the right to own a gun from Florida citizens. Traitor
May 16, 2019 18:55:29 GMT -5
iprazhm: “I absolutely believe that in this country if you are 18 years of age, you should not be able to buy a rifle, and I will support a law that takes that right away,” U.S Senator Marco Rubio Fl qz.com/1213296/parkland-florida-shooting-fou
May 16, 2019 18:56:09 GMT -5
avordvet: If a citizen is old enough to carry a rifle in the military service, then they are old enough to buy/own a weapon and exercise their god-given natural right to self-defense.
May 21, 2019 4:37:28 GMT -5
iprazhm: I have come to believe that God placed Trump in office to help Israel, and nothing else. He is clearly not there to secure the republic or promote decency. Only when the people return to serving Christ, will our country return to being great again.
Jun 1, 2019 18:15:16 GMT -5
avordvet: Welcome thomas
Aug 12, 2019 14:49:27 GMT -5
avordvet: Welcome cloudbound1
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walfred: Threat level-HIGH....Level of Readiness-MAXIMUM
Oct 7, 2019 1:54:10 GMT -5
iprazhm: Invaluable information.
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avordvet: Welcome phatday3
May 19, 2020 4:12:22 GMT -5