A divided Dallas Police and Fire Pension Board voted to end its ongoing lawsuit with the city of Dallas over timing and amounts of financial contributions from the city to help shore up the pension fund. The DPFP board of trustees voted 6-5 on Thursday to settle a lawsuit it brought in August 202 4. The six votes in favor of ending the lawsuit are all listed as mayoral appointees. Board President Michael Taglienti, a 22-year officer with the Dallas Police Department, voted against the agreement, saying the board may not have followed its fiduciary responsibility of taking action in support of its members, current and retired police officers and firefighters. “That’s frustrating, but that’s the way the city wants it, and that’s the way [the] board ending up voting today ultimately,” Taglienti said. The lawsuit stemmed from a disagreement over how quickly the city would make what’s called “actuarially determined contribution” levels, or ADC, required by state law. On November 13, the pension board voted on the same 6-5 split to accept a settlement offer from the city of Dallas that includes $220 million in payment to the pension fund in 2026. A state law passed in 2017, when the pension fund was in danger of insolvency, required the city and pension system to create a plan by 2024 to have the retirement investment plan for first responders fully funded by 2055. Dallas Mayor Eric Johnson said the vote on Thursday fulfills “a promise made to our police officers and firefighters that was in serious danger of being broken when I took office.” “This plan ensures that today’s retirees are secure, that our current officers can look forward to a stable future, and that Dallas can continue attracting the best men and women to serve in our public safety departments,” Johnson said in a statement. ...read more read less