- The $2.1 billion Dallas Police and Fire Pension System is suing its former actuary and advisor Buck Consultants for allegedly failing to “provide adequate warning or proper counsel” that the fund says could have prevented the system’s impending fiscal crisis.
According to The Dallas Morning News, the pension fund alleges in the lawsuit that Buck Consultants, which had advised the pension’s board of directors for more than 25 years, and three of its employees “failed to communicate important risk information.”
Face it, something is going have to be done, especially in light of the burgeoning pension crisis, the constant mismanagement by the City, the failure to adjust the actuarial contributions and the incoming administration that, for all the noise about supporting workers, is going to attempt to re-open the Constitutional Convention and gut the pension law.

0 Comments