Dallas Police and Fire Pension fund review leads to contentious City Council meeting [Video]

Thousands of retired Dallas police officers and firefighters continue to wait and see if the Dallas City Council will agree to the pension fund’s plan to keep the fund solvent.

This week, tensions were evident between the pension fund and some city council members.

Dory Wiley, the president and CEO of Commerce Street Holdings was hired by the city for a one-time examination of the Dallas Police and Fire Pension Fund performance.

“They have worked them down. Now, the end result of what they have on their balance sheet for those assets would be basically the worst of the worst,” said Wiley.

Ryan Wagner, the Chief Investment Officer for the pension fund added that the fund has gotten $1.4 billion back from the bad investments so far.

“What is left is very hard to just go out and sell and reallocate to somewhere else in the portfolio,” he said.

Some Dallas City Council members, who have been …