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Proposed pension contribution plan passes employee vote

Posted Feb. 25, 2019

The unofficial results of the city’s pension vote are in, and employees voted in favor of city management’s proposed solution. As such, the city’s $1.6 billion unfunded pension liability has been solved locally, here in Fort Worth.

The Fort Worth Employees’ Retirement Fund Board is scheduled to officially certify the results on Wednesday, Feb. 27.

A total of 74.47% of the city’s 6,589 employees voted – thereby achieving the “50-percent-plus-one” requirement for the vote to pass. Of those, 59.49%, or 3,920 employees, voted for city management’s proposed plan.

This vote comes on the heels of a robust, two-month employee education campaign, which saw city management visiting multiple sites throughout the organization to educate employees on the specifics of the proposed plan. Additional educational materials were made available on the city’s website, through the city’s employee newsletter, and via a dedicated pension hotline.

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 be effective 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.

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Calendar

Memorial Day Cookout at Riverside Community Center: 4 p.m. May 23, 2019; Riverside Community Center, 3700 E. Belknap.

Fort Worth Housing Solutions Board of Commissioners Regular Meeting: 5 p.m. May 23, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street.
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Trinity River Public Facility Corporation: 5 p.m. May 23, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street.
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Fort Worth Affordability, Inc.: 5 p.m. May 23, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street.
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Transit Moves Fort Worth Public Workshop Meeting: 5:30 p.m. May 23, 2019; TCC Opportunity Center Room 1440, 5901 Fitzhugh Ave.

Collective Bargaining Negotiations : 2 p.m. May 24, 2019; IAFF Local 440 Office , 3855 Tulsa Way.
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Luau at Thomas Place Community Center: 6 p.m. May 24, 2019; Thomas Place Community Center, 4237 Lafayette Ave.

Your Historic and Replacement Windows Workshop: 9 a.m. May 25, 2019; Hazel Harvey Peace Center for Neighborhoods, 818 Missouri Ave.

Bounce and Play at Diamond Hill Community Center: 10 a.m. May 25, 2019; Diamond Hill Community Center, 1701 NE 36th St.

Senior Prom at MLK Community Center: 3 p.m. May 25, 2019; MLK Community Center, 5565 Truman Drive.

Shaping Your Policy and Company Culture with Employee Handbooks: 11:30 a.m. May 28, 2019; James Guinn Entrepreneurial Campus, 1150 South Freeway.
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City Council Called Special Meeting: 1 p.m. May 28, 2019; City Council Chamber, City Hall, 200 Texas St.
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Canceled City Council Work Session : 3 p.m. May 28, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Your Historic and Replacement Windows Workshop: 6 p.m. May 28, 2019; Hazel Harvey Peace Center for Neighborhoods, 818 Misouri Ave.

Civil Service Commission Meeting: 6 p.m. May 28, 2019; Bob Bolen Public Safety Complex, Auditorium, 505 W. Felix St.
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Canceled City Council Meeting: 7 p.m. May 28, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.

View the full city calendar and current meetings.