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The Dallas Police and Fire Pension System (the System) was created by the City of Dallas in 1916, and in 1933, was established under Article 6243a, Vernon’s Texas Civil Statutes (currently Article 6243a-1 of the Revised Civil Statutes of the State of Texas). The System is administered by a 12-member Board of Trustees, consisting of four City Councilmembers appointed by the City Council, and three active Police Officers, three active Firefighters, one retired Police Officer, and one retired Firefighter, all elected by the membership. The Mayor chaired the Board of Trustees until 1976, and a Councilmember Trustee chaired the Board until 1983. Since that time, the chair has been elected by the Trustees from among the membership of the Board.
The System is a single employer-defined benefit plan under Section 401(a) of the Internal Revenue Code of the United States. It provides retirement, survivor, and disability benefits to the uniformed public safety employees of the City of Dallas. Benefits are determined based on a member’s years of covered service, average salary, and a multiplier percentage. The employee contribution rate is established in the Plan Document. The employer contribution percentage is established according to a schedule provided in the Plan Document and increases and decreases automatically with any change in the employee rate. Employee contributions, benefits and other plan provisions may be amended through a vote of the membership.
The Dallas Police and Fire Pension System belongs to several pension-related organizations, including the Texas Association of Public Employee Retirement Systems (TEXPERS) and the National Conference of Public Employee Retirement Systems (NCPERS).
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