MODIFICATION OF CONTRIBUTION RATES.
Dallas City Code § 40A-7.1
in effectSEC. 40A-7.1. MODIFICATION OF CONTRIBUTION RATES.
Notwithstanding the definitions in Sections 40A-1(3), 40A-1(14), 40A-1(15), 40A-1(30), and 40A-1(48), the provisions of Sections 40A-4(d) and 40A-7, or any other provision to the contrary:
(1) Changes to the actuarial assumptions, including, but not limited to, the discount rate, that in-creases the retirement fund liability must be approved prospectively by the board and the city council.
(2) Settlement of any lawsuit by the retirement fund that increases the retirement fund liability must be approved prospectively by the board and the city council.
(3) Annually, the fund and the city will each calculate an actuarially determined contribution rate for the following fiscal year. The city will accept the rate that is determined by the fund's actuary and presented to the board, except, if the difference between the rates that are calculated by the actuaries of the city and the fund is greater than three percent, the fund and the city shall engage in a 30-day reconciliation period. If, within such period, the actuaries of the city and the fund reconcile the results of their respective calculations of the actuarially determined contribution rate for the applicable fiscal year, the rate that was calculated by the fund’s actuary shall be accepted by the city and the fund. If no such resolution is reached within the 30-day reconciliation period, an average of the rates, determined by the actuaries of the city and the fund, will be used to determine the city's contribution under Section 40A-7 for the upcoming fiscal year.
(4) After the applicable phase-in period defined in Section 40A-1(14), if in any fiscal year the actuarially determined contribution rate (excluding the December 31, 2024 unfunded actuarially accrued liability 30-year amortization schedule) exceeds plus or minus five percent of the actuarially determined contribution rate (excluding the December 31, 2024 unfunded actuarially accrued liability 30-year amortization schedule) specified by the December 31, 2024 actuarial valuation, the excess amount will be amortized over a period of 20 years or until December 31, 2054, whichever is later. If the city council determines that the fund is projected to be fully funded in over 30 years, the city council may, in its sole discretion, waive this paragraph. The board may make a recommendation to city council requesting that city council waive this paragraph. (Ord. Nos. 25695; 30162; 32801)
Source: City of Dallas, Dallas City Code and City Charter (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/dallas/latest/dallas_tx/0-0-0-118447Fetched: 10/26/2026