Houston & Dallas Pension Reform Legislation Moving

Pension reform legislation before Texas state legislators continues to fuel disagreements between Houston and Dallas leaders and public safety employees.

The Texas Senate recently passed a bill on Houston's reform plan, and it moves on to the House of Representatives. The police pension fund and union, the Greater Houston Partnership and municipal pension officials were all on board, though the fire pension members opposed the pension reform legislation as punitive toward firefighters.

However, the Senate added an amendment giving the city the flexibility to move to a different type of retirement plant. A recent report co-authored by Josh McGee, the recently confirmed chair of the Texas Pension Review Board, recommended Houston consider moving new employees to defined contribution plans.

But Houston police and municipal unions largely feel that shifting to defined contribution plans is a bad idea, according to a report by The Texas Tribune.

Site image

Mayor Sylvester Turner said in recent days he was confident the bill would pass the House.

Recommended for you

Copyright © 2020 Gov1. All rights reserved.