As the city's hired consultant, Dory Wily is working to encourage the council to hire his company or another to serve as a watchdog to fix the city's pension fund.
As retired Dallas police and firefighters approach eight years with no cost-of-living adjustment, Dallas City Council members are debating if the city should hire a consultant to try to improve the fund's rate of return.Councilmembers are trying to strike a delicate balance between meeting its promise to retired first responders who protected the city while also protecting taxpayers.
Both councilmembers Paul Ridley and Gay Donnell Willis said they want to see the fund perform better to try to minimize the impact to taxpayers."We talk about we will sell this for $5 million and this for $10 million or what can we take from DART and threaten to hobble public transit system. But there hasn't been focus on the fund's performance," Willis said.That kind of nickel and diming has even hit the library system.
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