SEPTEMBER 2021 EDUCATION SESSION DATES
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The Dallas Police and Fire Pension System provides comprehensive retirement, death, and disability benefits for approximately 9,000 Police Officers, Fire Fighters, Pensioners, and their beneficiaries from the City of Dallas.
The Pension System office is located at 4100 Harry Hines, Suite 100, Dallas, Texas 75219. Our office hours are Monday through Friday, 8 a.m. to 5 p.m. If you would like to speak to a benefits counselor, please arrange for an appointment at 214.638.3863 or 800.638.3861.
SEPTEMBER 2021 EDUCATION SESSION DATES
Click on link for details:
July 2021 Education Session Dates Announced
Pension and Retirement education classes updates and schedules for the Dallas Police and Fire Pension System. For more information, call 800-638-3861.
Mayoral Appointments to the DPFPS Board of Trustees
Mayor Eric Johnson has appointed the following individuals to the Dallas Police and Fire Pension System Board of Trustees:
• Michael Brown to serve a two-year term ending August 31, 2022;
• Nicholas Merrick (re-appointment) to serve a three-year term ending August 31, 2023; and
• William Quinn (re-appointment) to serve a two-year term ending August 31, 2022.
Message From The City Of Dallas
Benefits Enrollment Coming Soon: Exciting Enhancements, Action Required!
2020 has been a year of change: in our city, in our state and country, and around the world. And with change comes new opportunities as well! That’s why the City of Dallas took the time to listen to your feedback about our benefits program and has made significant improvements for 2021.
The City often reviews our retiree benefits to ensure your coverage options stay comprehensive and cost-effective. After careful research, we have decided on a suite of benefits that affirm our commitment to providing high-quality health care to our retirees.
As a first step on this exciting and new benefits journey, here’s a quick preview of what’s happening:
• New medical plans through Blue Cross Blue Shield of Texas.
• New dental plan administrator: Delta Dental.
• New vision coverage options.
• You must enroll if you want benefits in 2021.
• You must enroll for 2021 benefits between October 19, 2020 – November 1, 2020. If you don’t enroll, you won’t have City of Dallas benefits coverage for 2021.
• Benefits meetings will be online-only this year. Meeting schedules and calendar invitations will be e-mailed soon. If you have benefit questions, contact the Benefits Service Center at [email protected] or (214) 671-6947, option 1.
• Watch for additional communications in your home mail and e-mail.
Contact the Benefits Service Center at [email protected] or (214) 671-6947, option 1.
A Message to Our Members
These are difficult times for all of us. One thing we do not want you to worry about is the continuing monthly payment of your benefits.
The financial markets have been very volatile recently and they may continue that way for some time. But DPFP invests for the long-term. We have an incredibly knowledgeable Board of Trustees and Investment Advisory Committee with years of investment experience. Many of them have been through all the market ups and downs starting in the 1970s and 80s and they know how to deal with the roller coaster the market has been experiencing. The Board is assisted by our consultant Meketa who advises many public pension systems both large and small and they too have enormous experience.
Finally, our very able investment staff manages our assets on a day to day basis. They are able to deal with matters as they arise and bring matters to the Board’s attention if changes are necessary.
Our long-term view means we likely won’t make major changes as we fully believe, over time, the markets will correct themselves. Our investment policy is constructed to ensure that we will be in a good position to benefit from such a correction.
Much as you have worked hard to make the City of Dallas a safer place, so to will DPFP work to ensure that your pension is in a safe place.
The Coronavirus: What We Are Doing, How You Can Help Staying Safe
DPFP is committed to the health and safety of our participants, employees and visitors. As you know, there is a heightened awareness related to COVID‐19 (the Coronavirus). To keep our participants and employees safe, we have implemented the following:
1. Appointments. Until further notice, DPFP will not be accepting in‐person meetings or visitors in the DPFP office. All appointments with DPFP Retirement Counselors will be held by telephone. Our Retirement Counselors will be in touch to reschedule existing appointments.
2. Scheduling. To schedule a telephone appointment with a Retirement Counselor, call the DPFP office at 214-638-3863 and press 2 to leave a voicemail message including your name, phone number and email address and a Retirement Counselor will contact you for scheduling.
3. Questions, Changes, Refunds and Benefit Related Matters. Call the DPFP office at 214-638-3863 and press 2, this will allow you to leave a message. In the message please include your general issue so we can have the right person call you back, also include your name, phone number and email address. You may also email requests for contact to [email protected].
4. Document Submission. If you need to submit documents to DPFP, you can send the document(s) to DPFP by email at the email address provided by your Retirement Counselor or to [email protected]. Remember to retain the original document. You also can mail your submission to the DPFP office:
DPFP 4100 Harry Hines Blvd. Suite 100, Dallas, TX 75219.
We will continue to evaluate additional measures as needs arise and communicate changes on our website. As always, the safety and well‐being of all members of our community are our utmost priority. Thank you for your understanding and patience!
As we continue to monitor developments related to the COVID-19 virus we want to assure you that our highest priority, is and will continue to be, that all pension payments are made timely and accurately. We want you to know we have plans and systems in place to allow us to process the monthly pension payroll remotely should the need arise. Staff performing key functions in the process have backup support if needed. As of today, our office is open for business as usual. Of course, as we all know that may change on a moment’s notice. To deal with this possibility, we are developing the processes and protocols to replace typical face-to-face meetings with retirement counselors by exchanging information and documents over the phone and electronically. The Board acted today to ensure that new retirements and survivor benefits will be approved even in the event the Board can not meet.
On January 31, 2020, the Texas Supreme Court issued its opinion in the Degan case. The Supreme Court had been asked to answer two certified questions by the United States Court of Appeals for the Fifth Circuit. In its opinion, the Supreme Court ruled first that the method of withdrawal of funds from DROP is not a service retirement benefit protected under Article XVI, Section 66 of the Texas Constitution and second the actions by the DPFP Board of Trustees, pursuant to Article 6243a-1 as amended in 2017, to alter previous withdrawal elections and annuitize DROP funds over the respective life expectancy of the plaintiffs in the Degan case did not violate Section 66 of the Texas Constitution.
DPFP is pleased with the outcome and believes this result is consistent with the Supreme Court’s opinion last year in the Eddington case as well as the Fifth Circuit’s opinion in the Van Houten case. DPFP will continue to implement the plan changes mandated by the Texas legislature in 2017.
A link to the Supreme Court’s opinion can be found at the link below.
The preliminary results for the Non-member Trustee are that all three candidates (Robert B. French, Gilbert Andrew Garcia and Tina Hernandez Patterson) were approved. These Trustees will serve from September 1, 2019 to August 31, 2022. The results will be submitted to the Board to certify at the August 8th Board meeting.
Read the latest news for the City of Dallas Police and Fire Pension System.
New Fire Fighter Trustee
Armando Garza was the sole applicant for the Fire Fighter Trustee position. Today the Board determined that Mr. Garza met the qualifications of Article 6243a-1 to serve as a Trustee and authorized him to be seated as a Trustee at the next Board meeting pursuant to the Trustee Election Procedures. We congratulate Mr. Garza and look forward to working with him.
Call for Fire Fighter Trustee Candidates
DPFP is seeking candidates to run for the remaining term of the Fire Fighter Trustee position that was vacated effective May 1, 2019. This term expires August 31, 2020. The Fire Fighter Trustee position must be held by an active or former City of Dallas Fire Fighter. The application for candidacy, including the election schedule and important information about serving as a trustee, can be found at the link below. Applications must be received no later than 4:00 p.m. on June 4, 2019.
Call for Non-member Trustee Candidates
The term of the three Non-member trustees ends on August 31, 2019. The Nominations Committee met on May 6th to kick-off the process to fill the expiring trustee positions. Although not eligible to serve in the Non-member trustee position we are encouraging active members and pensioners to inform potentially interested candidates about the opportunity to be part of an important, strong Board of Trustees. The application for candidacy, including the election schedule and important information about serving as a trustee, can be found at the link below. Applications must be received no later than 4:00 p.m. on June 4, 2019.
Today, the Texas Supreme Court rendered a decision in the Eddington case, ruling unanimously in favor of DPFP finding that the changes in 2014 to DROP were legal under Article 16, Section 66 of the Texas Constitution.
Here is a copy of the opinion.
THIS NOTICE IS BEING POSTED ON BEHALF OF THE CITY OF DALLAS:
Important things to know regarding 2019 Health Insurance Open Enrollment:
The 2019 Open Enrollment period for Retirees started October 15, 2018 and ends October 26, 2018. Depending on your current medical election, you may be required to actively enroll in a medical plan for 2019.
To make changes to your benefit elections, or to enroll for 2019, contact the Benefits Service Center at (214) 671-6947 Option 1 or visit in person at City Hall. The 2019 Benefits Enrollment Guide provides details about your benefit options.
Link to 2019 Retiree (Non-Medicare) Benefits Enrollment Guide:
If you're looking for work as an Administrative Clerk, the Dallas Police & Fire Pension System has an opening for someone who is detailed-oriented and organized. The Administrative Clerk will perform various administrative and office support duties. Candidates applying for this position should be ready for preparing written correspondence, assembling materials necessary for appointments, processing mail merges, responding to phone inquiries, and providing other administrative support as needed, so if you love those tasks, don't hesitate to contact us!
Additional information at the link below.
Review job posting for employment with the City of Dallas Police and Fire Pension System.
DPFP is near completion of a major update to the Web Member Services (WMS) portion of our web site. The changes will allow WMS to be more readable on smart phone and tablets. There are a few enhancements, such as showing all active addresses, but the primary change is the presentation format. We anticipate the update going live October 15th.
On October 15th starting at 8:00 am CDT, WMS will be offline for up to 24 hours to transition the site. During this time, both WMS and online forms will be offline. Our public web site will still be available.
After the update, complex passwords will be required. If your current password does not meet the following criteria, you will be required to change it to a complex password the next time you log in. Your password must contain at least 8 characters but no more than 15 and contain characters from three of the following categories:
Uppercase letters (A through Z)
Lowercase letters (a through z)
Base 10 digits (0 through 9)
Non-alphanumeric characters (special characters): (@~#$^()_+=!,.?)
We hope you find the new WMS useful, helpful, and easy to navigate.
Update on the annual actuarial valuation and annual audit completion
Many years ago, DPFP made large investments with two private equity managers. The investments with these two managers are material to the overall financial statements of DPFP. These two managers have not provided the required information to DPFP to complete the actuarial valuation and we cannot complete the annual audit without knowing the value of these investments. Historically, these managers cause a delay that allows the financial statements to be issued at the end of July, however this year the delay has been longer than in the past years. DPFP has no control over the timing of financial reports from managers. We have been told we will be getting the information needed in the next few days. If that is the case, the actuarial valuation should be available to be presented to the Board at the September 13th Board meeting and the audit and Comprehensive Annual Financial Reports are expected to be presented at the October Board meeting.
Addressing Current Rumors
Certain people have been circulating misleading information about the funded status of the plan. These people have no new information on which to base their claims. It is true that contributions are less than benefit payments each month. This is not a new issue. This has been discussed many times over the last few years at Board meetings and was widely discussed last year during the legislative process. The difference between contributions and benefit payments has absolutely been included in the funding level calculations every year.
It is common in a pension plan as it “matures” to have benefit payments exceed contributions when there are large numbers of retirees and beneficiaries compared to the number of active members. It will take many years before there are a significant number of retirees with benefits that reflect the lower benefit structure. Benefit outflows and city contribution inflows are in line with what the actuary calculated last year when the legislation was passed. It was known and expected that the funding level of the plan will decline and remain low for a prolonged period of time before it starts to rebound, even if all assumptions are met. We have absolutely disclosed this information on numerous occasions and statements to the contrary are scurrilous attempts by someone to create a panic which they view as beneficial to their own individual interest.
As always, when we receive updated information from the actuary we will provide additional information about the funding status and any changes from the prior year information. We urge you to attend the Board meeting when the actuary presents the January 1, 2018 valuation which we expect to occur in September.
Important Information regarding the DROP Revocation (UNDO) Process Meetings
The Dallas Police and Fire Pension System has scheduled additional Combined Informational and Revocation (UNDO) meetings every Wednesday in the month February.
The February Combined Informational and Revocation Meeting Dates are:
February 7th Wednesday 9-11 a.m.
February 14th Wednesday 2-4 p.m.
February 21st Wednesday 9-11 a.m.
February 28th Wednesday 9-11 a.m.
If your name is not on the DROP UNDO list and you are interested in seeing how a DROP UNDO may impact you, please call DPFP at 214-638-3863 ASAP to get added to the list. Only those members whose names are on the DROP UNDO list will be contacted to attend a meeting. You must attend a group meeting to revoke a prior DROP election, due to the volume no individual meetings will be scheduled.
Any Member that has attended a previous Informational or Revocation Meeting, and has not completed their paperwork, needs to contact DPFP and have their name added to one of the group sessions listed above.
Please note DPFP must receive your completed DROP UNDO Revocation paperwork no later than February 28, 2018. No late Revocations can be accepted.
4100 Harry Hines Blvd, # 100
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