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Posts Tagged ‘HFRRF’

Parker proposes new firefighter pension plan

We’ll see about this. With the city of Houston facing huge and rising pension costs, Mayor Annise Parker on Thursday unveiled a proposal to put new firefighters in a separate, less generous plan that would do away with expensive automatic cost-of-living adjustments. The move would not affect current firefighters covered by the Houston Firefighters Relief […]

Council votes to sue over bad pension projections

Game on. Houston City Council on Wednesday paved the way for city attorneys to sue an actuarial firm the city claims gave inaccurate pension estimates that spurred costly changes to firefighters’ retirement benefits in 2001. [...] Houston’s contribution rate to the fire pension skyrocketed soon after the changes were approved, despite an actuarial report from […]

Another pension-related lawsuit coming?

Here’s a little blast from the past. The city of Houston may sue a company whose advice it relied upon in making changes to firefighters’ retirement benefits in 2001, saying the firm’s inaccurate predictions left the city on the hook for pensions it cannot afford. Houston’s contribution rate to the firefighters pension skyrocketed soon after […]

City exploring new pension for new firefighters?

Maybe. Long concerned about the cost of Houston’s pensions and stymied in her attempts at reform, Mayor Annise Parker is considering a dramatic step to place new firefighters into a separate, less generous pension plan, sources with knowledge of the discussions said. Officials acknowledge the existing Houston Firefighters Relief and Retirement Fund likely would sue […]

Firefighters union rejects contract deal

Oops. The contract rejected Tuesday by 93 percent of the roughly 2,900 firefighters voting would have taken a similar approach, granting a pay raise in exchange for concessions on members’ ability to take leave. With the no vote, as of July 1 members of Houston Professional Fire Fighters Association Local 341 enter an “evergreen” period […]

City reaches contract agreement with firefighters

Give a little, get a little. Houston firefighters would give up some of their ability to schedule time off in return for a pay hike under a tentative new labor contract that city officials hope will enable them to rein in overtime costs that threatened to bust the fire department’s budget this year. The City […]

Fearing the fire reform

This ought to be interesting. Rumblings of coming reforms in Houston Fire Department’s operations have union leaders and the department’s command staff wary, despite Mayor Annise Parker’s insistence that these concerns are unwarranted. HFD’s staffing shortage has driven up overtime costs, creating a budget crisis that has, on some days, seen ambulances and fire trucks […]

City sues HFRRF again

From the inbox: In the face of growing concern about its ability to meet long-term retiree pension obligations, the City of Houston filed a lawsuit today against the Houston Firefighters’ Relief and Retirement Fund (HFRRF), one of three pension systems covering City employees. The lawsuit seeks to enable the City to have the same input […]

Endorsement watch: For Calvert

The Chron’s second endorsement on Friday, and what should be their last for the regular election, was for Rogene Calvert in At Large #3. Experience is valuable on Houston City Council. Council members often spend their first two-year term learning the basics of job: Figuring out who the players are, learning how various departments and […]

Endorsement watch: Our first twofer

The Chron has two endorsements today, one that was easy and one that was likely more challenging. First, the easy one. In four years as an at-large city councilman, Stephen Costello has gradually become a “go to” guy on two major issues facing the city of Houston: drainage; and finance and pensions. Costello, a civil […]

A deeper look at the city’s pension funds

I appreciate this just-the-facts analysis of the city’s pension funds. It’s delightfully free of fearmongering and doomsaying, which tend to cloud most stories on the funds. I don’t have anything specific to say about the article, but I do want to make a few general points about the city’s pension situation. 1. I reject the […]

We must destroy the pensions in order to save them

There’s so much wrong with this I almost don’t know where to begin. Houston is the Titanic – it certainly looks impressive, but icebergs lie ahead. That’s the image that mayoral candidate Ben Hall drew when he talked to the Houston Chronicle editorial board last week. No debate here. Like an iceberg on the horizon, […]

The Chronicle is very disappointed in you, Houston delegation

Here they are throwing a hissy fit to express their deep sense of disappointment. Just shy of 6,000 bills were filed in the Texas Legislature prior to last week’s deadline. Nearly half of those came in the usual blizzard of filing activity 72 hours prior to the Friday, March 8, witching hour. Some of these […]

On city delegations and firefighter pensions

There are two points of interest in this Chron editorial about the Legislature and the desire of the city to get a bill passed that would give it some leverage over the firefighters in their fight over the pension fund. Sometimes we wonder if there really is such a thing as a “Houston delegation” representing […]

City pension funds make their case

This deserves more visibility than it’s gotten. Representatives of Houston’s three employee pension boards told a Houston City Council committee Monday that the sky is not falling and pleaded with council members to be patient in examining the city’s pension obligations. The presentations from the firefighters’ pension, the municipal employees’ pension and the police pension […]

Interview with Todd Clark and Chris Gonzales of the firefighters’ pension fund

I have written numerous times about the ongoing battle between Mayor Parker and the Houston Firefighter’s Relief and Retirement Fund, which is to say the firefighters’ pension fund. After I noted a legal victory by the city in its attempt to get more information from the fund, I was contacted by a representative of the […]