Texas Public Policy Foundation’s James Quintero, Director of the Center for Local Governance, testified in support of Senate Bill 1752, a bill to authorize certain municipalities to establish defined contribution plans to provide to retirement benefits to certain employees. Quintero testified before the Texas Senate Committee on State Affairs yesterday afternoon.
“Public pension crises in Dallas and Houston testify further to the fact that defined benefit plans are unworkable and unsustainable,” said Quintero. “For far too long, defined benefit pension plans have been overpromised and underfunded, putting taxpayers and retirees at enormous financial risk. Texans deserve better, which is why it’s time move away from the status quo in favor of something more sustainable, like a defined contribution system.”
For more information or to request an interview with Mr. Quintero, please contact Alicia Pierce at firstname.lastname@example.org or 512-472-2700.
James Quintero is director of the Center for Local Governance and leads the Think Local Liberty project at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit free-market research institute based in Austin. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.