Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Dear City of Houston Employees: Here's Why I Voted to Allow Retirement Benefit Cuts|
May 25, 2004
Excerpt: Some of you have said that by voting for Proposition 1, I was reneging on a promise to you. That's true. The problem is, I didn't make the promise. Neither did my 2 million fellow taxpayers. That promise was made by the pension board, and it was cooked up in a closed room. I'm not saying I expect to be at the table, but I do expect for someone who represents me to be at the table. It seems, however, nearly the entire board was made up of people who were beneficiaries ...
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