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3/8/2004:
Pension Report Came Just Days Before Vote In Houston, Paper Says
(Houston Chronicle)
Excerpt: The Houston municipal pension fund's staff did not release a devastating report on the fund's financial status until two days before a statewide vote on a constitutional amendment that banned the lowering of benefits for retirees. The Towers Perrin report on the fund's health using July 2002 numbers was not handed to the pension's board, which includes two senior city officials, until Sept. 11, 2003.
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