DALLAS (1080 KRLD) – Several senior Dallas police officers are pushing up their retirements due to pension concerns.
Sources told KRLD that many, who were thinking about retirement are setting a date before October, and asking for their money now based on perceived upcoming changes.
But Kelly Gottschalk with the Dallas Police and Fire Pension System said that’s just not true.
“Retiring before or after October doesn’t affect your cost of living increase. That’s one rumor out there,” she said.
Gottschalk said the money is there and nothing is going to change in October.
“We have a lot of very nervous members right now. I don’t blame them. But coming into retire right now versus several weeks or months, wont make a difference,” she said.
Gottschalk admitted they have seen quite a few officers asking for their money now.
She said they discontinued allowing officers from taking money out of their pensions to put in the city’s 401k fund, but only because it was breaking IRS laws.
She said taking money out now, won’t do officers any good in the short term.
(©2016 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)