Tag Archives: pension obligation bonds

Firefighters will oppose pension reform bill

Posted on April 2, 2017 by Charles Kuffner

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 … Continue reading →

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Busy day in the Senate

Posted on March 30, 2017 by Charles Kuffner

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 … Continue reading →

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House hearing for pension bill

Posted on March 29, 2017 by Charles Kuffner

Another step in the process. Houston’s pension reform plan got its first hearing Monday in the state House, where rows and rows of current and retired firefighters appeared to voice opposition to the plan. Municipal and police leaders testified in … Continue reading →

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Pension reform bill passes Senate committee

Posted on March 21, 2017 by Charles Kuffner

A major step forward. Houston’s pension reform plan cleared a state Senate committee in its initial hearing at the Capitol on Monday, despite the fact that all those who testified – including Mayor Sylvester Turner – opposed at least some … Continue reading →

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No one ever said pension reform was going to be easy

Posted on March 3, 2017 by Charles Kuffner

The firefighters’ pension fund isn’t happy with the way things are going. The plan to reform the City of Houston’s pension system is running into opposition from the Houston Firefighters’ Relief and Retirement Fund (HFRRF). In a recent letter sent … Continue reading →

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Some dude opposes pension reform

Posted on February 26, 2017 by Charles Kuffner

Presenting this in a slightly redacted form. [Some dude] has joined friend and ally Sen. Paul Bettencourt, R-Houston, in rallying opposition to [Mayor Sylvester] Turner’s [pension reform] proposal among conservatives. He has attended at least three dozen forums on the … Continue reading →

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We may be voting on pension obligation bonds

Posted on February 18, 2017 by Charles Kuffner

Oh, boy. A state lawmaker carrying Houston’s pension reform bill says her version of the proposal will require a public referendum on a $1 billion cash infusion central to the negotiations, an idea Mayor Sylvester Turner called a “poison pill” … Continue reading →

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Council ratifies Turner’s pension plan

Posted on October 28, 2016 by Charles Kuffner

From the inbox: On a 16-1 vote, Houston City Council has endorsed Mayor Sylvester Turner’s historic package of pension reforms. The vote clears the way for the City to move forward in partnership with the pension systems to seek legislative … Continue reading →

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Pension deal approved by firefighters

Posted on October 26, 2016 by Charles Kuffner

It’s a big deal, though it’s hardly a done deal yet. For the first time ever, the Houston firefighters’ pension board agreed Monday to accept benefit cuts for current workers and retirees, potentially paving the way for a solution to … Continue reading →

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Pension deal takes a step forward

Posted on October 23, 2016 by Charles Kuffner

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 … Continue reading →

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Kinder Institute analyzes Mayor Turner’s pension reform plan

Posted on September 25, 2016 by Charles Kuffner

From the inbox: Rice University’s Kinder Institute has done the preliminary math on Mayor Sylvester Turner’s historic pension reform plan and determined the numbers appear to add up if all of the components are implemented as envisioned. The institute is … Continue reading →

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More on the pension deal

Posted on September 16, 2016 by Charles Kuffner

The full version of the Chron story adds a lot of detail. Under the tentative deal, the funds would assume more realistic investment returns – 7 percent rather than 8 percent to 8.5 percent – and would recognize all recent … Continue reading →

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Mayor Turner announces pension fund deal

Posted on September 15, 2016 by Charles Kuffner

From the inbox: Negotiators for the City, the Houston Police Officers’ Pension System, the Houston Firefighters’ Relief and Retirement Fund and the Houston Municipal Employees Pension System have developed Preliminary Points of Understanding on a structural approach to long term, … Continue reading →

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