TPPF Statement on Houston Mayor’s Pension Proposal
Texas Public Policy Foundation’s Center for Local Governance Director James Quintero issued the following statement on Houston Mayor Sylvester Turner’s tentative pension reform agreement with officials from the Houston Municipal Employees Pension System (HMEPS), the Houston Police Officers Pension System (HPOPS), and the Houston Firefighters’ Relief and Retirement Fund (HFRRF) announced today. According to the Houston Chronicle, the Mayor’s proposal would “eliminate Houston’s pension under-funding within 30 years, avoid more than $2.5 billion in future costs through benefit reductions and include the issuance of at least $1 billion in bonds.”
Press Release September 14, 2016