Monday, April 20, 2015

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:


  • 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.

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