(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.