Fort Worth joins cities with excess unfunded pensions

Fort Worth Star Telegram ^ | 6/17/2014 | Cary Hirst

[rstrahan]

Transparency is coming home to hit he City of Fort Worth with municipal pensions. $1.2 billion in unfunded liabilities. The city changed the growth calculation for benefits reducing the pension payout over a long period, but the Police and FD unions filed suit. Taxpayers will ultimately have to suck up this plus the continues growth.

[sr4402]

[WayneS]

If the pensions are, indeed, unfounded, then they do not represent a liability to the city.

It's the UNFUNDED pensions they need to worry about.

[MrEdd]

What is with things that have been widely discussed since the seventies suddenly being resurrected as “news”?

[boycott]

Dear government,

We’re broke.

Regards,

Taxpayer

[ExTxMarine]

Dear government,

We’re broke., because of you and your stupid regulations, taxes and rules! STOP!

Regards,

Taxpayer

I hope you don't mind, I expounded on your letter.

[boycott]

Dear government,

We’re broke., because of you and your stupid regulations, taxes and rules! STOP!

Regards,

Taxpayer

I hope you don’t mind, I expounded on your letter.

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I certainly don’t mind. You just pointed out the reasons why we’re broke.