This content is from: Portfolio

The 2017 Pension Political Power 25: Mike Rawlings

No. 21 Mike Rawlings, Mayor of Dallas

  • By Peter Vasiliev

21. Mike Rawlings
Mayor of Dallas

In November, Dallas Mayor Mike Rawlings testified before the Texas Pension Review Board that his city faces bankruptcy if something isn’t done to fix its struggling, scandal-plagued Police and Fire Pension System. The rating agencies agree with the former Pizza Hut CEO: In December, Moody’s Investors Service downgraded Dallas’s general obligation bonds from Aa3 to A1, citing challenges surrounding the poorly funded $2.1 billion public safety pension plan. It was Moody’s third downgrade since October 2015, all for the same reasons. Just the day before the most recent cut, the pension plan’s trustees had halted lump-sum withdrawals; that action was taken in response to the 62-year-old Rawlings’s unusual step of suing the pension fund and its board as a private citizen to try to prevent a equivalent of a bank run. — Imogen Rose-Smith


The 2017 Pension Political Power 25

1. Andy Puzder
Secretary of Labor
2. Bruce Rauner
Governor of Illinois
3. Betsy DeVos
Secretary of Education
4. Laura & John Arnold
Founders,
Laura and John Arnold Foundation
5. Steven Mnuchin
Secretary of the Treasury
6. Wilbur Ross
Secretary of Commerce
7. Tani Cantil-Sakauye
California Chief Justice
8. Paul Ryan
Speaker of the House
9. Anthony Scaramucci
Founder, SkyBridge Capital
10. Kevin de León
California State Senator and President Pro Tempore
11. Mike Enzi
Chairman, Senate Subcommittee on Primary Health and Retirement Security
12. Steve Sweeney
President,
New Jersey State Senate
13. Jerry Brown
Governor of California
14. Corey Lewandowski
Co-founder, Avenue Strategies
15. Paul Singer
President,
Elliott Management Corp.
16. Randel Johnson
Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce
17. Joe Manchin
U.S. Senator
18. Kenneth Feinberg
Founder and managingpartner, Feinberg Rozen
19. Scott Walker
Governor of Wisconsin
20. Richard Trumka
President, AFL-CIO
21. Mike Rawlings
Mayor of Dallas
22. Elizabeth Warren
U.S. Senator
23. Kent Mason
Partner,
Davis & Harman
24. Bernie Sanders
U.S. Senator
25. Randi Weingarten
President, American Federation of Teachers

Related Content