150 Financial Professionals & Executives Ask Legislature to Include Defined Contribution Plans for New City Employees
In the last few days we have heard more of the same old tired, debunked rhetoric from the Turner administration ...
Employees Likely to Face Massive Pension Contribution Increases under Turner Plan
The centerpiece of Turner's pension proposal is its "corridor" mechanism which supposedly caps the amount the City will ever ...
Why Not Put New City Employees into Defined Contribution Pension Plans?
According to a recent CNN survey, 96% of private sector employees have a defined contribution pension plan. The private ...
Secret Pension Plan Revealed
A few days ago, I received an unmarked envelope. Inside the envelope was a copy of the draft bill that ...
Houston Business Community Needs to Take Principled Stand on City’s Pension
I find it incredible that some elements of the Houston business community are still considering endorsing the pension "reform" plan ...
Happy New Year from the City of Houston: We’re Insolvent!
It has become standard bill of fare for the City of Houston to hold the release of its annual audit ...
Secret $2.5 Billion of Pension Savings
From the moment Sylvester Turner announced his new pension scheme roughly two months ago, the principal sales pitch has ...
Open Letter to City Employees & Retirees: Why You Should be Demanding Defined Contribuion Plans for New Employees
The City and your pension plans' management are leading you down a path that will seriously impact your pensions for ...
City Sales Tax Take Serious Nose Dive: Worst First Half-Year Since 2013
Any hopes that Houston's sales tax decline was about to ease were dashed yesterday when the Texas Comptroller reported that ...
Turner’s Pension Plan Will Require 50% of Property Taxes for 30 Years
Yesterday, the City posted more details about the proposed pension plan. The plan commits the City to pension payments in ...
Counsel Should Delay Vote on Pension Plan
Turner's Bum's Rush on $20 Billion Pension Deal For the last month Sylvester Turner has been negotiating in secret ...
Tips for Straight Party Voting in Harris County
Those of you have who were regular readers of my column know that I am not a fan of straight ...
The Pension Amortization Scam
Fair warning: This post is going to get way off in the weeds of the complex math that defined benefit ...
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