The Texas Public Policy Foundation (TPPF) today released a paper on state-governed pensions by James Quintero, director of the Center for Local Governance at TPPF. The paper, Restoring Local Control of State-Governed Pension Plans, examines state-controlled local pension plans and offers recommendations to restore them to fiscal health.
“Texans living and working in major metropolitan areas all across Texas are paying taxes into local pension plans that they have little or no control over,” said Quintero. “For decades, some of Texas’ largest local retirement systems have locked in parts of their pension plans into state law, effectively putting Austin between themselves and their stakeholders. That’s not just bad policy, but it also leads to some very poor fiscal outcomes.”
To read the full publication, please visit: http://txpo.li/restoring-local-control-pensions
To schedule an interview with Mr. Quintero, please contact Caroline Espinosa at firstname.lastname@example.org or 512-472-2700.
James Quintero is director of the Center for Local Governance at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.