AimPoint Pension
|
Bates & Company, Inc.
|
Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
“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 [Opinion] 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 linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |