Dallas Police and Fire Pension System Still Struggling with Private Investments

The Dallas Police and Fire Pension System, which has been grappling with severe underfunding for years, is still facing challenges due to its significant allocation to private investments. Approximately 25% of the pension system’s assets are tied up in private equity, real estate, and natural resources. These investments, deemed as “legacy” assets, have contributed to the pension system’s current unfunded liabilities of over a billion dollars.