Nicholas Pension Consultants
Plumbers Local Union No. 1 Benefit Funds
Retirement Plan Consultants
Farmer & Betts, Inc.
EPIC Retirement Plan Services
Loren D. Stark Company
Pension Rights Center
Pension Plan Specialists
RTD Financial Advisors
Kentucky Trust Company
Retirement Industry Trust Association (RITA)
Hochheiser Deutsch & Co, Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Houston's Police Pension Plan is Flawed|
Mayor Bill White in the Houston Chronicle
July 8, 2004
Excerpt: [S]everal times since 1998 the benefit formulas were made more generous.... [B]ecause of a strong stock market and faulty projections, few if any realized that the combined effects of these changes created an actuarial time bomb. Prior pension analyses failed to account for the cumulative effect of higher police pay, benefits based on a final paycheck, a lack of contributions to the fund by those with deferred retirement accounts, a higher average age of police ...
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|