The City of Fort Worth made changes, approved by an employee vote, to the pension system that will take effect in 2019.
Changes to take effect
Since the employee vote passed, the proposed contribution increases, the Risk Sharing mechanism, additional employee contributions on overtime and the additional DROP year will all take effect.
Contribution changes for General Employees will begin July 20, 2019.
Contribution changes for Firefighters and Police Officers will also begin July 20, 2019, and their contributions will be phased in over the next two years.
Based on the performance of the plan, the Risk Sharing mechanism will kick in during 2022. These additional contribution increases are anticipated to last for two years.
As a reminder, the changes to sick/major medical leave and the COLA will also be effective July 20, 2019.
Download the PDF document
More details and information about each employees group’s specific circumstances as part of the employee education campaign that occured at the beginning of the year in January, in advance of the positive employee vote that occured in February.
Updates and more information
- June 25, 2019: Pension Valuation Update from City Manager David Cooke and Kevin Gunn, Interim Chief Financial Officer
Pension updates in The Roundup (Most recent articles first)
- Feb. 26, 2019: From the City Manager: Thank you for voting
- Feb. 26, 2019: Proposed pension contribution plan passes employee vote
- Feb. 25, 2019: Thank you for voting in the City of Fort Worth pension election
- Feb. 22, 2019: Today is last chance to vote in pension election
- Feb. 20, 2019: Time is running out to vote in pension election
- Feb. 18, 2019: Mail your pension ballot now
- Feb. 5, 2019: Get to know the pension election ballot
- Feb. 4, 2019: Employee email detailing the voting process
- Jan. 28, 2019: From the City Manager: Get the facts on the pension
- Jan. 24, 2019: Pension Focus: Changes to Overtime Contributions
- Jan. 22, 2019: Pension Focus: The DROP
- Jan. 17, 2019: Pension Focus: 'Going to Austin'
- Jan. 15, 2019: Pension Focus: What Happened In Dallas (Updated Jan. 15)
- Jan. 10, 2019: Additional pension resources now available for employee download
- Jan. 7, 2019: Pension glossary of frequently used terms now available for employee download
- Jan. 4, 2019: Education campaign kicks off before employee vote on pension solution
- Dec. 12, 2018: City council votes to approve pension solution
- Pension Glossary and Frequently Used Terms
- Pension Frequently Asked Questions
- Fort Worth Employees' Retirement Fund - Financial Report Center
- History of the Fort Worth Retirement Fund - 1945 to Present
Pension Lunch and Learn
Contact your Human Relations Coordinator to request a Lunch & Learn presentation.
View a history of previous proposals and communications about earlier drafts of the pension solution.