Fate of Fort Worth employee pensions comes up for vote today

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(Fort Worth, TX) — The Fort Worth City Council is expected to vote today on the fate of city’s pension system, after tabling the matter last month.

In November the council decided not to vote on proposed changes, in favor of trying 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 after the year 2020.