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Pension Information

The City of Fort Worth is currently exploring changes to its current pension system. According to City Manager David Cooke, “If the plan continues in its current form, and based on the plan’s current assumptions for the future, the plan will run out of money in 2050. If we use more conservative – and some would say more accurate – assumptions about the future, the fund will run out of money before 2050.”

As a result, the city’s Pension Review Committee is examining options to keep the pension more sustainable over the long term.

Pension schedule

The employee vote is scheduled to occur in November 2018. The complete schedule is outlined as follows:

  • June 12, 2018: Notification of potential pension changes to the Fort Worth Employees Retirement Fund
  • August 7, 2018: City Manager’s recommendation to the City Council
  • September 18, 2018: Ordinance identifying potential pension changes to City Council
  • August-October 2018: Employee communication and education
  • November 2018: Employee vote on contribution increases
  • First Quarter of 2019: Effective date of pension changes

Pension meetings

Coming soon!