Pension reform slowly moving forward

"A good man leaves an inheritance to his children’s children,
But the wealth of the sinner is stored up for the righteous."
Proverbs 13:22

With a pension reform bill scheduled for a hearing later today, supporters held a press conference this morning:



Highlights:

• Restore local control of pensions.
• Author's Note: This is real local control, not the phony type of 'local control' the taxpayer funded lobbyist crowd likes to throw around.

• Pension review process not changed.

• Houston has $5 billion in unfunded liabilities.

• Houston liabilities would require 50% tax hikes to cover.

• TPPF supports the bill.

• You need reform at the state level before cities can even start their own reform process.

• Texas currently has second largest local govt. debt in the country.