Fort Worth City Council Tables Pension Fix Vote

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fort-worth-city-council

(Fort Worth, TX) —  Fort Worth City Council is postponing a decision on changes to the city’s pension system.

The council on Tuesday night tabled a vote on the changes, in favor of trying again to work out an agreement with city workers and retirees.  The pension fund is running a one-point-six-billion-dollar deficit and is projected to run out of money in about 25 years.  Police and fire associations are opposed to a plan that would cut cost-of-living increases for retirees.

If the two sides can’t reach an agreement, another vote is scheduled for December.