It turns out the sins of the past are continuing to haunt the pension fund today, causing the fund's return to remain well below the national and Texas average.
In less than two months, the Dallas City Council is set to vote on a plan to create funding soundness for the Dallas Police and Fire Pension.But one council member questioned why the fund is continuing to underperform. It turns out the sins of the past are continuing to haunt the pension fund today, causing the fund's return to remain well below the national and Texas average.
I don't understand how professional fund managers could earn so little on such a large fund," he said.Ridley said he agreed with the staff recommendation for increased oversight. Numbers from the city showed only a 1.5% three-year return, which is lower than Houston, Austin and San Antonio and also lower than national and Texas returns for similar-sized funds.
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