Pension Archives - Texas Scorecard
Public Pension Risk Factors  

Public Pension Risk Factors  

If there is one thing that has always been certain, it’s the government employment safety net. Though the pay may not always compete with market rates – nor should it; it is public service after all – the lucrative post-employment benefits have always played a big...
Flynn Threatens Firefighters in Twitter Tirade

Flynn Threatens Firefighters in Twitter Tirade

Making an even stronger case for why Texas’ municipal pension systems should be handled locally, and why voters should retire some lawmakers by force, a member of the Texas House took to Twitter to threaten the pension plans of Houston Firefighters who called him out...
Houston Pension Reform Passes the Texas House

Houston Pension Reform Passes the Texas House

Houston’s pension reform plan has cleared its second hurdle, passing the Texas House with 112 votes. After pushback from conservatives, bill author State Rep. Dan Flynn (R-Canton) substituted his original bill for that of State Sen. Joan Huffman’s. The differences...
Houston Pension Plan Clears Hurdle

Houston Pension Plan Clears Hurdle

Houston’s pension reform plan cleared the Texas Senate after bill author Joan Huffman (R-Houston) made concessions, allowing for the potential of cash-balance plans in the future. Huffman made the change after her original bill received pushback from conservatives who...
Huffman to Offer Step Backwards on Pension Reform

Huffman to Offer Step Backwards on Pension Reform

Giving her colleagues less than 24 hours to digest a 215-page floor substitute, State Sen. Joan Huffman of Houston is expected to offer a significant step backwards in the fight to reform Houston’s broken pension system. Sen. Huffman’s floor substitute to SB 2190...
Sitting Senator Hired as Tax-Funded Lobbyist

Sitting Senator Hired as Tax-Funded Lobbyist

Underscoring the need for reform this session, the Senate’s most senior member has been hired as a lobbyist on behalf of a government board. Worse yet, not only is said advocacy paid for with tax dollars, but it represents an obvious conflict of interest. And it’s all...
Taxpayers Have No Say in $1B Debt Issuance

Taxpayers Have No Say in $1B Debt Issuance

The reviews of Mayor Turner’s preliminary pension reform plan have been split. Some, mostly those from individuals with close ties to the administration, believe the plan could go a long way toward getting ahold of Houston’s growing unfunded liabilities. Meanwhile the...
Turner Announces Preliminary Pension “Fix”

Turner Announces Preliminary Pension “Fix”

Mayor Sylvester Turner announced that his office has reached a preliminary deal with the police, fire, and city workers in hopes of avoiding Houston’s self-imposed pension crisis. According to Turner, the series of proposals will immediately reduce the unfunded...
Turner’s Fiscal Reforms

Turner’s Fiscal Reforms

During his inauguration and since, Mayor Sylvester Turner has repeated the phrase “shared sacrifice” when talking about closing the upcoming budget gap. While the administration is still developing the minute details, we finally have an idea of what form that “shared...
Over-Promised Pension Returns

Over-Promised Pension Returns

It’s widely known that city officials’ funny numbers understate debt costs in the Bayou City. Continuing the dissection of the pension problem, it’s important look at how officials use inflated projected returns on investment (ROI) to understate pension debt....
Who is to Blame for Houston’s Credit?

Who is to Blame for Houston’s Credit?

Moody’s, one of three major credit rating agencies, has revised their outlook on Houston to negative citing the growing debt and pension obligations that city officials have continually failed to address. The report states, “Houston’s economy continues to benefit from...
Fix This Pension First?

Fix This Pension First?

There’s a lot of discussion brewing about pension reform in the Lone Star State. We’ve seen across the nation the problems caused by poorly run pension systems. If we are to head down this road, maybe the first pension the legislature addresses in 2013...