Council rejects prior pension‑advisory proposals; staff to reissue RFP with added governance and testing requirements
Council voted to reject the existing proposals for a city investment‑advisory contract for the employee and police & fire pension plans and to reissue a solicitation after staff and council agreed on more robust governance language, transparency, stress‑testing and stakeholder engagement.
The full story
After a protracted debate, the Dallas City Council voted Feb. 25 to reject proposals received last year for third‑party investment advisory services for the city's two major pension systems and to re‑advertise the solicitation with enhanced specifications. The move followed concerns from council members about process, independence and the need for additional oversight provisions.
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