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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

Building Standards Commission Pre-Meeting: 9 a.m. May 20, 2019; City Hall, City Council Conference Room 290, 200 Texas Street.
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Building Standards Commission Meeting: 9:30 a.m. May 20, 2019; City Hall, Council Chamber, 200 Texas Street.
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Notice of Possible Quorum of the Dallas-Fort Worth International Airport Board: 10:30 a.m. May 20, 2019; Hyatt Regency DFW (Terminal C), 2334 North International Parkway, DFW Airport, Texas 75261.
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Collective Bargining Negotiations between the City and the International Association of Fire Fighters: 1:30 p.m. May 20, 2019; IAFF Local 440 Office, 3855 Tulsa Way.
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Aviation Advisory Board Meeting: 3 p.m. May 20, 2019; Fort Worth Meacham International Airport, Conference Room 306, 201 American Concourse, Fort Worth, Texas 76106.
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Trinity Metro Board of Directors Meeting: 3:30 p.m. May 20, 2019; Fort Worth Central Station, 2nd floor, Community Room, 1001 Jones Street.
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Rosemont Sewer Improvements Project Meeting: 6:30 p.m. May 20, 2019; Victory Forest Community Center, 3427 Hemphill St.

Disciplinary Appeal of Indefinite Suspension of Cody Meyer: 9 a.m. May 21, 2019; Fort Worth Botanic Gardens, Azalea Room, 3220 Botanic Garden Boulevard, Fort Worth, Texas 76107.
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Audit Committee: 1 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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How to Form an LLC or Corporation in One Day in Texas: 1 p.m. May 21, 2019; James Guinn Entrepreneurial Campus, 1150 South Freeway.
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Fort Worth Local Development Corporation: 2 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Central City Local Government Corporation: 2 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Canceled AllianceAirport Authority: 2 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Lone Star Local Government Corporation: 2 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Work Session: 3 p.m. May 21, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Meeting: 7 p.m. May 21, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Disciplinary Appeal of Indefinite Suspension of Cody Meyer: 9 a.m. May 22, 2019; Fort Worth Botanic Gardens, Azalea Room, 3220 Botanic Garden Boulevard, Fort Worth, Texas 76107.
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Making Prospect Calls - Prospecting for Success: 11:30 a.m. May 22, 2019; James Guinn Entrepreneurial Campus, 1150 South Freeway.
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Fort Worth After School Coordinating Board: 11:30 a.m. May 22, 2019; FWISD Board Room, Board Conference Room, 2903 Shotts Street.
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City Plan Commission: 1:30 p.m. May 22, 2019; City Council Conference Room 290, 200 Texas Street.
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Park and Recreation Advisory Board: 4 p.m. May 22, 2019; Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard.
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Transit Moves Fort Worth Public Workshop Meetings: 5:30 p.m. May 22, 2019; Fort Worth Central Library, 500 West 3rd St.

WJ Boaz & Bowman Roberts Maintenance Project Meeting: 6 p.m. May 22, 2019; Northwest Library, 6228 Crystal Lake Drive.

Rolling Town Hall: 6 p.m. May 22, 2019; Fort Worth Nature Center & Refuge, 9601 Fossil Ridge Rd.

Upper Clear Fork Wastewater Improvements Project Meeting: 6 p.m. May 22, 2019; Thomas Place Community Center, 4237 Lafayette Ave.

Breakfast at the BAC - Cara Kennemer: 7:30 a.m. May 23, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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Mayor's Committee on Persons With Disabilities: 10 a.m. May 23, 2019; Hazel Harvey Peace Center for Neighborhoods, Room 201 AB, 818 Missouri Avenue, Fort Worth, Texas 76104.
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Transit Moves Fort Worth Public Workshop Meeting: noon May 23, 2019; Central Station, 1001 Jones St.

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.

Luau at Thomas Place Community Center: 6 p.m. May 24, 2019; Thomas Place Community Center, 4237 Lafayette Ave.

View the full city calendar and current meetings.