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Posts Tagged ‘pension’

Pension reform bill passes House committee

Two for two. Houston’s pension reform bill will now move to the floor of each legislative chamber after a Texas House committee joined its Senate counterparts in passing the measure 6-1 Wednesday. With Rep. Roberto Alonzo, D-Dallas, opposed, the pensions committee adopted House Bill 43, which will now head to a scheduling committee to be […]

Firefighters will oppose pension reform bill

So it goes. Hopes that Houston’s firefighter pension board might agree to a compromise set of benefit reforms and end their opposition to Mayor Sylvester Turner’s landmark reform package proved too optimistic, after the two sides passed a Thursday deadline without a deal. It remains unclear what effect counting the firefighters as confirmed foes will […]

Busy day in the Senate

They got stuff done, I’ll give them that. Whether it was stuff worth doing or not, I’ll leave to you. 1. Senate bill would let Houston voters weigh in on fix to pension crisis. The Senate on Wednesday voted 21-10 to give preliminary approval of a bill that would require voters to sign off before […]

Pension deal takes a step forward

Not quite there yet, but getting close. Houston’s police and municipal pension boards have agreed to a landmark reform package produced over months of intensive negotiations at City Hall, and Mayor Sylvester Turner hopes the firefighters fund will follow suit with a vote Monday. The pending proposal, which puts Houston the closest it has come […]

City deficit not as big as feared

This is a nice surprise. A huge budget deficit looming at City Hall – which has spurred talk of layoffs, service cuts, new fees and higher taxes – has been cut in half, relieving some pressure to scramble together a budget patch but doing little for Houston’s long-term financial health. The unexpected boost of good […]

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 […]

City wins access to firefighter pension information

From the Inbox, late Friday afternoon. Mayor Annise Parker today announced Judge William Burke of the 189th District Court of Harris County has mandated the Houston Firefighters’ Relief and Retirement Fund (HFRRF) Board to provide and disclose information requested by the independent actuary retained by the City of Houston. HFRRF has refused to provide data […]