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The Pension Source
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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DWC ERISA Consultants LLC
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BPAS
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EPIC RPS
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BPAS
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Merkley Retirement Consultants
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Compensation Strategies Group, Ltd.
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Defined Benefit Specialist II or III Nova 401(k) Associates
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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July Business Services
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Search the News Archive
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77 Matching News Items |
| 1. |
Houston Chronicle
June 22, 2004
Excerpt: Patients claiming harm from their HMOs' refusal to pay for medical treatment ordered by their doctors cannot sue in state court, where they could collect large amounts of money, a unanimous U.S. Supreme Court ruled Monday in two Texas cases.
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| 2. |
Houston Chronicle
Mar. 3, 2004
Excerpt: The official in charge of negotiating changes in the city's pensions under Mayor Lee Brown nearly tripled his own retirement benefit through changes approved during Brown's six years in office.
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| 3. |
Houston Chronicle
May 14, 2004
Excerpt: Houston voters appear ready to give Mayor Bill White flexibility to reduce city employee retirement benefits in the face of a $1.9 billion pension system shortfall, according to a Houston Chronicle/KHOU-TV poll.
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| 4. |
Houston Chronicle
Mar. 1, 2004
Excerpt: The city of Houston's main pension program has a billion-dollar funding shortfall because benefits have been boosted so high that many employees will earn more in retirement than they received while working, according to a report obtained by the [Houston] Chronicle. A few will retire as millionaires.
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| 5. |
Houston Chronicle
Mar. 8, 2004
Excerpt: If former Mayor Lee Brown has anything to say about the massive pension shortfall that happened because of policies adopted on his watch, he's not sharing it with the Houston Chronicle.
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| 6. |
Houston City Controller Annise D. Parker in the Houston Chronicle
May 10, 2004
Excerpt: What do we need to do? Bring the following to the negotiating table ... Add an independent voice to the pension board.... Restore Houston City Council's appointments to the pension board.... Change the amortization period.... Tie annual cost-of-living adjustments to inflation ... Adjust the rate of accrual on deferred retirement accounts to reflect market conditions.... [discuss raising] employee payroll contributions [and other proposals].
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| 7. |
Houston Chronicle
Apr. 2, 2004
Excerpt: In hindsight, a pension scheme that lets workers retire after only 25 years on the job with nearly 90 percent of pay and automatic annual increases, supposedly at only minor additional expense to taxpayers, looks like an obvious scam.
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| 8. |
Houston Chronicle
Mar. 4, 2004
Excerpt: It's not surprising that the city of Houston's pension fund shortfall may be as much as $1.5 billion over the next 18 years -- a shortfall that will hit Houston taxpayers with higher taxes, fewer services or both. It's not surprising because nobody has been minding the store at City Hall for the past six years.
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| 9. |
The Houston Chronicle
May 18, 2012
"The Legislature created Houston's firefighters pension system and gives it the authority to unilaterally establish what taxpayers owe the system each year. Fund representatives are not even obligated to meet with city officials to discuss possible changes to the system."
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| 10. |
The Houston Chronicle
Jan. 5, 2011
"From my study of the issue I have concluded, as have many others, that the current system is unsustainable and will result in very serious consequences for everyone involved if corrective action is not taken. There is also a profound intergenerational ethical issue at stake as well, as we have been pushing off the day of reckoning on these plans, leaving our children and grandchildren to face a staggering liability."
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