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11:22 am CST - February 22, 2012

Posted under Archives, The Scoop

“Houston, We Have a (Pension) Problem”

Texas Insider Report: HOUSTON, Texas – Few cities have as little control over their pension systems as Houston. The state legislature dictates benefits & the funds are administered by a public employees board who benefit from the system. With annual required pension contributions rising and now making up 9% of the budget, Houston mayor Annise Parker is, not surprisingly, lobbying for reforms to the City’s Pension SystemContinue Reading.

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