City of Dallas suspends Pension Withdrawals

HAPPENING

Is this the first domino in the coming pension crisis to fall?

Other urls found in this thread:

dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-police-fire-pension-board-ends-run-bank-stops-154m-withdrawals
archive.is/xIctA
youtube.com/watch?v=3Yh0jAxOxGE
bls.gov/iif/oshwc/cfoi/cftb0286.pdf
bls.gov/ooh/construction-and-extraction/roofers.htm
bls.gov/ooh/protective-service/police-and-detectives.htm
bls.gov/ooh/building-and-grounds-cleaning/grounds-maintenance-workers.htm
twitter.com/NSFWRedditImage

Forgive my noobishness

dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-police-fire-pension-board-ends-run-bank-stops-154m-withdrawals

archive.is/xIctA

There are many ways to a shortfall, government/organizations/individuals stealing from the fund, promising too much, bad investment management, .. so what's the story here?

The story is they offered a lump sum distribution in leu of continual payments because people were questioning the funds liquidity and ability to meet its promises. People rushed to get the lump sum and now their is a run on the fund. This may set a precedent in other public pensions, many of which are in the same situation just not as dire.

Dallas Police and Fire Pension Board ends run on the bank, stops $154m in withdrawals
The Dallas Police and Fire Pension System's Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping $154 million in withdrawal requests.
December 8th, 2016 by Tristan Hallman
in The Dallas Morning News


ttp://www.dallasnews.com/news/dallas-city-hall/2016/12/08/dallas-police-fire-pension-board-ends-run-bank-stops-154m-withdrawals
archive.is/xIctA

www.zerohedge.com/news/2016-12-08/dallas-police-pension-finally-ends-run-bank-halting-withdrawals

I hope we dont have any Dallas PD or FD anons here

I'm not going to pretend to understand complex financial situations like this, but to truly recreate a natsoc state in the form of 1930's Germany we need to first recreate Weimar conditions. If people have a stable paycheck and food on the table, they won't be willing to sacrifice those basic amenities to embrace the radical measures necessary to return America to being a 90+% white country.

Hopefully Weimar conditions are resurfacing, and it's great we have a leader like Trump in charge right now because he might be willing to steer us into the radical direction of a modern natsoc state.

based formatting user

In a way that would fit under promising too much, they offered an option that they can't float when people took it.

wake up the boomers to their treachery and cuckening by the jews so they die in shame. fuck the boomer scum.

While we all want an all white country, the (((elites))) have already planned for these coming crises and will be more than willing to offer their 'solutions'. Creating suffering for white people to spur change is not the answer. However, crashing these bogus pension ponzi schemes and getting back to sound economic principles is a step in the right direction. Hopefully some will wake up and see the same problem in social security and 401k plans, so in that regard i do agree


i think a lot of people realize the money just isnt there, or more realistically they need whatever money they can get their hands on in this shitty economy. Id pull it out too if i was them.

Have you seen the property tax conundrum the city is having too?

Just pensions? No big deal.

Here in Ontario, most employees of the provincial government haven't even gotten their paychecks for the better part of a year, because of a computer glitch.

I hope you're right, but expecting normalfags to just "wake up" without some drastic push is extremely optimistic. The Third Reich would have been impossible without the economic failings of the Weimar era. Based on current demographics trends, shitskin birthrates and immigration are outpacing us dramatically and whites will very soon be a minority in this country if things don't change soon. Trump is a positive and necessary step in the direction, but unless he goes full reich he will only delay instead of reverse these trends.

I think economic collapse is the only thing that can save the white race in America and across Europe. The status quo is a war of attrition and we're quickly finding ourselves displaced in countries that were our home for 100+ years. We need some truly drastic change.

Truly sad, ive been pulling most of my money out of the bank over the past several months. Poorfag so i dont have much but i feel safer having at home hidden.

Pay attention. Here's a lesson in kikonomics.
Workers pay into system. System invests to earn return to fund future pensions. Fund underperforms due to Affirmative Action criminal stupidity. Workers who invested are barred from lump withdrawal program.
Federally Subsidized Nigger Breeding program pays out monthly for all nigger needs. Money for this fund comes from magic nigger watermelon fund and never falls short.
Conclusion: workers pension funds must abide by mathematical laws of the universe; magic non-working nigger breeding and ass widening program is perpetual motion moolah manufactory and is not subject to physical laws of the universe but to the access of Kikery Reserve printing press.

Trump is not Hitler. He's way too tolerant and forgiving for that kind of comparison. He's more like Bismarck, in that he's a moderate in terms of politics, and just wants the best for everyone, with eternal peace being the goal.

America is not comparable to the Weimar, yet.

Dallas user, but not PD or FD. Shitty situation all around, though.

CRUSH THE DAMN URBANITE!!!

I wouldn't bet on Trump steering us in that direction in particular. As much as I like the man, and as lazy as I am I still registered and voted for him here (I've moved since the 2012 elections and never registered here between then and now).. the fact is he doesnt view people along racial lines. He may see racial PROBLEMS specific to each group, blacks face this, whites face that, etc etc, and is more than willing to see our NATION against other nations, but he makes no difference between races when it comes to being "Americans"

There are reasons for this, I'm sure. Hes insulated personally from the effects of common niggers and mudscum and spics and so on. The ones he meets personally are decent people all around, they work, they try, they succeed, they do this all LONG before they even get a chance to meet someone like him. So hes only seeing the cream thats risen to the surface, he never sees the giant cesspool beneath them that make up 99.9% of the rest of their demographic

Now, he does see on a national level that they have problems. But again, being personally insulated from it, he likely hasnt developed a hatred distrust or disdain for those people both as individuals and as a group, seeing only the ones who reach the top he likely views the general lack of them making it that far as a product of the problems in their communities and culture and hopes that changes to it over time will improve the whole lot

He doesnt understand like we do that, no, they cannot be salvaged, the scant few exceptions are rarely even exceptions and often devolve back into basic nigger/non-white behavior and are really no better than the rest they "rose above." His personal experiences are wildly different from ours, and make no mistake, your personal philosophy and outlook is always colored by personal experiences.

Thats not to say his views arent admirable in their own way, viewing everyone as individuals capable of going as far as their dreams and work ethic will take them, and that occasionally people stumble and can use a hand up. But because of who he is surrounded by he thinks people are generally good, his own behaviors over the years have shown this to be his stance.

He doesnt understand that these people are leeches and despise us for the crime of not being niggers. He doesnt understand that they dont WANT to improve and that it wasnt the culture that shaped the individuals mentality, it was the individuals mentality that created the culture. He doesnt understand that even if you make life better for them, they will STILL despise you and demand more and more until you have nothing left to give and then they'll demand your very life and expect you to give it.

But this may change over his tenure as president. He'll find out over the next four years as he improves the lives of people the nation over, that they'll still hate him. He'll work to lower crime, reduce drug dependence, create opportunities for education or work, allowing more and more people a path to prosperity… and they will call him scum for it, they will spit on and burn pictures of him, they will call for his death, they will protest and march against him, they'll call him a racist and a bigot, they'll scream about how he isnt helping them and is trying to change their culture because hes white and hates it (though they may let it slip that they dont WANT help, they want a paycheck for free)

After years of this, he may begin to see their true nature as violent, petty, savages that are worth less than the matter they're created from. But currently? I dont think he sees that at all. I think he sees they have problems and he thinks he can fix them and help them. He doesnt understand that the problem IS them. But maybe in time he'll learn.

So I wouldnt look for him to be working towards a white ethnostate in his first term. MAYBE in his second if he sees the truth fast enough and comes to terms with it. But for now? We just sit back and watch the nation improve economically and so forth, but watch as more and more of it burns at the same time, until no one can doubt anymore that these savages dont want a better life, they want "a" life that is given to them for free at no cost to themselves, and they want the paycheck signed in our blood.

Full house of truth.

(checked)
5 star post nigger

Don't know, but I can tell you for sure it's one of the dominoes of the end of the whole fucking mess we laughingly call society.

We have eight more years of salt to enjoy, user. Especially since Trump is cutting funding to sanctuary cities.

I agree nothing about Trump's rhetoric indicates he's racist or even a white nationalist. Certain statements kind of toe the line with race realism – watch this video to see whether you think he believes in eugenics or not youtube.com/watch?v=3Yh0jAxOxGE

Nonetheless, he has given no shortage of signs from saying that Merkel is destroying Germany to claiming that France is "no longer France" that indicate he may or may not be concealing some level of white nationalism for pragmatic reasons. No one could be elected US President on an explicitly white nationalist platform – Hitler himself would have had to soften much of his rhetoric, but what remains to be see is if Trump truly was concealing those sympathies or if he's just a civic nationalism. I doubt he's a hardcore national socialist but after watching him campaign for 18 months I honestly expect him to be a bit more redpilled on race than meets the eye.

Regardless, even if Trump fails to fulfill a single campaign promise, he has still been an invaluable tool to white nationalists everywhere because he has shredded trust that people once had for the mainstream media. Calling people buzzwords like "racist" and "fascist" has lost most of its bite, and the kike media was so ferocious in slandering Trump that even the most bluepilled normalfag started to realize that there was a ton of bias going on. After Trump's victory NYT sent a letter to all their subscribers begging them not to cancel and that they would start being more objective in their reporting. Trump has wrecked havok on the public's confidence in the jewish press and when true white nationalists begin to enter the mainstream, their attacks against us will fall on closed ears and rolled eyes because they heard the same slander against Donald Trump.

all pensions are just ponzi schemes. if you put a a dollar into one and expect to get at least that same dollar value back out of it, assuming you get anything at all, you are a fool.

The MSM has blown a gaping hole in it's once mighty shield. Before "racist", "sexist" "nazi" and "conspiracy theory(ist)" were able tpo stop the thought processes of the masses.

Now? Even their new buzzword "Fake news" is mistrusted from the very first time those babbling heads utter it.

Well deserved.

underrated post tbh

Even in the best of times, a guarantee of 8%/year is outrageous. Fucking unions have too much clout, and people in general let rationality go out the windows when "our first responders" welfare is in question.
It's virtue signaling. Fire departments are full of nepotism and overpaid idiots. I used to live next door to a firefighter - his dad was the captain, and this buffoon was illiterate - maybe 4th grade level written English. He was making well into the 6 figures and had a gravy train pension and benefits.

Kick out the nepotism from fire departments. At least cops risk their lives. Firefighters are the most sanctimonious pussies you'll ever meet, but nobody dares say that because it's socially unacceptable.

Dallas is a tiny shithole. Who cares?

...

the rothschilds steal pensions, its an old trick they used with sun life insurance.

miss one payment and they won't cover your plan and you have paid £5 to them a week for 5 years or however long.

Its obviously the rockerfellers and the bushes on this one.

I don't like ExxonMobil man, I don't care what anyone else thinks, I think he's being built as a bogeyman for the real SecState.

She's one of the worst princesses (second only to that negress among others), played by a jewess no less.

fpbp

says the man whos probably queueing with his moose at the courthouse for a marriage liscence

this user speaks the truth

I'm pretty sure Trump has seen the racial crime stats, didn't you see the infograph he retweeted? Pretty sure he saw the riots in Ferguson, and over the years.

We don't know how racially realist he is, and he certainly can't say if he is

...

So let me see if I understand this


Did i get that right?

Fuck the cowardly police, they dont risk their lives. If you look at BLS on the job death statistics, tradesmen have several times the number of deaths on the job per capita, even landscapers have higher mortality rates. No one is crying about muh poor roofers or pedo pushing a lawn mower.

bls.gov/iif/oshwc/cfoi/cftb0286.pdf

bls.gov/ooh/construction-and-extraction/roofers.htm
The mortality rate would be 1:1434

bls.gov/ooh/protective-service/police-and-detectives.htm
The mortality rate would be 1:8578

bls.gov/ooh/building-and-grounds-cleaning/grounds-maintenance-workers.htm
The mortality rate would be 1:7913

Some people have to get redpilled the hard way. There's nothing actually in there. And if you try to take out what you think you have before the next crash makes it official that there's nothing actually in there, well you'll learn that the jews robbed you early.

Go see a psychiatrist.

Sure, Dr. Goldstein….

Nice refutation kike. There was literally nothing wrong in that statement you quoted.

If you are working and not getting paid for it, you're a chump; the goodest of goys.

Just left DFW, returning soon.

Hopefully a good chunk of that half billion was spent on ammo and supplies. I want my city safe when ((they)) pull the plug on the economy to fuck Trump.

Thank god I got out of that shithole.

oh boy fresh oc time