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Texas Governor Signs Houston Pension Reform Bill; Firefighters Fund Sues City
Pensions & Investments Link to more items from this source
June 2, 2017
"A pension reform bill for Houston's three pension funds was signed into law by Texas Gov. Greg Abbott on [May 31], a day after the Houston Firefighters' Relief and Retirement Fund filed a lawsuit challenging the constitutionally of the bill's provisions. The pension reform package, proposed by the city of Houston and passed the Texas Legislature on May 24, includes benefit reductions for participants in the $3.9 billion Houston Police Officers' Pension System, $3.8 billion firefighters' fund and $2.3 billion Houston Municipal Employees Pension System that would help reduce the plans' $8.2 billion in total unfunded liabilities."

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