TEXPERS Salutes El Paso Firemen and Policemens Pension Fund
The El Paso Firemen and Policemen Pension Fund ranked amongTexas's top-three
pensions plans in a closely watched measure of average yearly returns over long-term investing horizons, according to the
Texas Association of Public Employee Retirement Systems (TEXPERS) in a recently released report.
Houston's Proposed Firefighters Contract Won't Please Union,
Pension Chair Says
A tentative agreement on a
30-month contract between the City of Houston and the Houston
Professional Firefighters Association...will not sit well with
the union membership.
Texas Employees returns 1.3% in Q1, up 11.2% for year
Texas Employees Retirement System's
returns topped the $25.4 billion fund's benchmark in three of
five measurement periods ended March 31.
TEXPERS Objects to Americans for Prosperity Interference in
The Texas Association of
Public Employee Retirement Systems registered its contempt for
the decision by Americans for Prosperity earlier this week to
interfere in pension politics in Detroit and pledged vigilance
of future similar activities in Texas.
Court rejects Houston lawsuit against city's firefighters
Texas state district court Judge
Patricia J. Kerrigan on May 7 rejected Houston's petition to
declare unconstitutional the law under which the Houston
Firefighters' Relief and Retirement Fund operates, according to
court documents provided by Darian Ward, press secretary for
Houston Mayor Annise Parker.
Tensions simmer over struggle between Dallas officials and
Tension between Dallas officials and
the city's police-fire pension fund resurfaced this morning over
quorum requirements of the fund's 12-member board.
Once thought to be secure, pooled pensions teeter and fall
The pensions of millions of
Americans are being threatened because of trouble in a part of
the retirement world long considered so safe that no one safe
that no one gave it second thought.
Texas pension funds, in aggregate, return 8.2% over 20 years
Texas-based public pension plans
produced an annualized composite return of 8.2% for the 20-year
period ended Sept. 30, above the 8% average annualized actuarial
return of the 60 plans that participated in a recent Commonfund
survey conducted for the Texas Association of Public Employee
Museum Tower hires technical firm to help solve glare dispute
Signs emerged Wednesday that a settlement may be drawing closer
in the 2 1/2-year glare dispute between the Nasher Sculpture
Center and its 42-story luxury high-rise neighor, Museum Tower.
The 401(k) cash-out: A brewing retirement savings crisis?
When you change jobs, do you
take the money and run? A large and growing number of young and
low-income workers do just that with their 401(k)s, and it's
damaging their chances of building adequate retirement savings
down the road.
WNET to return $3.5 million grant for pension series
WNET, the New York City public
television broadcaster, said on Friday that it would return a
$3.5 million grant it received to sponsor an ambitious project
on public pensions in the face of charges that it solicited
inappropriate underwriting for the series.
The Wolf of Sesame Street: Revealing the secret corruption
inside PBS' news division
With PBS’s “Pension Peril” series
echoing many of the same pension-cutting themes that the Arnold
Foundation is promoting in the legislative arena, and with the
series not explicitly disclosing the Arnold financing to PBS
viewers, the foundation’s spokesperson says her organization is
happy with the segments airing on stations throughout the
Widows of fallen SAPD officers speak out against possible
Lisa Perez was three-and-a-half
months pregnant when her husband, San Antonio Police Officer
Oscar Perez, was shot and killed while trying to execute a
warrant at a south-side motel in March 2000.
Houston sues for more input on firefighter pension plan design
Houston filed suit against the
$3.6 billion Houston Firefighters' Relief and Retirement Fun on
Wednesday in an effort to receive more input on contributions
and plan design of the pension fund.
Police, fire pensions: Sound and necessary
During this holiday season,
we've been reminded of the dangers each professional man and
woman in our Police and Fire departments face daily.
Bill to Require Annual Pension Reports Gaining Traction in
There’s a bill in Congress that
opponents say would create headaches for public pension managers
and could make it harder to finance infrastructure development.
Texas weighs fixes for
multibillion-dollar pension shortfall
American-Statesman reports that lawmakers at the next
legislative session could consider raising the shared
contribution rate for the state and employees from 14.6 percent
to 20 percent. It could also make a massive one-time addition of
San Antonio lauded for managing pension costs efficiently, study
San Antonio has one of the most
efficient pension expenses in the country, according to a study
by the Center for State and Local Government Excellence.
CSLGE Study: Texas Cities' Contributions to Employee Pensions
Among Lowest in Country
TEXPERS congratulated 10 Texas
cities that were among the country's most efficient users of
taxpayers' dollars for their employees' pensions, as asserted in
a new study by the Center for State and Local Government
Is the public pension crisis overstated?
The average amount of money
devoted to funding public pension plans equaled 7.9 percent of
revenue generated by cities, a survey of 173 municipalities
Pew's pension reform activism drawing critics
Officials at the Pew Charitable Trusts are finding their motives
questioned as they move beyond their traditional role as
researchers into providing technical assistance to troubled
public retirement systems.
Billionaire's diabolical plot to loot worker pensions
In the lead-up to his anti-pension partnership with Pew,
Arnold’s most relevant connection to pensions and retirement
security came from working at Enron – a company whose collapse
destroyed its own workers’ pensions and helped to damage the
financial stability of public pension funds across America.
Funding on way for I-35W project
The equity members [for the
construction of segment 3A of the North Tarrant Express project]
also include the Dallas Police and Fire Pension System.
Fort Worth Council Approves Pension Cuts
The Fort Worth City Council voted Tuesday to cut pension
benefits for city workers and police officers starting next
City Pension Plan Costing Taxpayers Millions
To be exact the city says $18 million
go to city employees retirement benefits every year [in Corpus
U.S. Equity, credit boost public pension plan returns
Double-digit returns were the norm for
U.S. public pension plans for the year ended June 30, with
smaller funds and those focused on domestic equities or taking
opportunistic positions in credit achieving the best results.
National pension group challenges Pew's work
The coalition contends that, "despite
their claims to be an impartial think tank advocating for fair
and transparent policies, Pew's involvement in the pension fight
is anything but fair and transparent."
Patterson: Houston's pension plan funding holds up under
Columnist Bill King's attacks on
Houston's public employee pensions use the sleight-of-hand trick
of comparing our great city to Detroit. The truth is that we've
been hearing King's Chicken Little imitation for some time now,
and readers need to apply their own critical thinking to many of
the components he strings together. Let's take on a few.
Playing Politics with Public Pensions
Also in need of reform is the
politicized character of many public pension boards...along with
pension payouts based on final-year pay, collective bargaining,
binding arbitration, and faulty accounting standards.
Political Investing Harms Public Pension Funds
Posted 8/25/13 on Wall Street Journal
Texas Retired Teachers
Association honors Katy-area
7/25/13 on Chron.com
Schnurman: Forget Detroit; Dallas pensions look good
In so many ways, Dallas is not Detroit,
the bankrupt city.
Dallas Police & Fire returns
11.4% for year
New Texas laws will protect
7/17/13 on Cypress Creek Mirror
Texas TRS returns 3.6% in first
quarter, topping benchmark
Texas makes teachers' pension
less reliant on markets
5/26/13 on Chicago Tribune
Statement of Bill Hamilton,
Retired State Employees
Association of Texas, on Final
Passage of SB 1459 on Texas
Employees Retirement System
5/21/13 on Retired State
Employees Association site
TEXPERS lauds passage of bill
increasing pension transparency
and requiring education for
5/24/13 on PR Newswire
Transparency Lives On -
Statement by Texas State
Comptroller Susan Combs
Posted 5/24/13 on Susan Combs
Texas Senate Votes to Overhaul
teacher pension system
5/8/13 on Dallas Morning News
Texas House passes legislation
to reform state pension systems
Posted 5/1/13 on The Journal
Rep. Rob Orr supports passage of
legislation to reform state
Posted 4/30/13 on
McCown, Villanueva: Texas public
pensions on sound footing
3/3/13 on Statesmen.com
12th Annual Public Pension Fund
Awards for Excellence: San
Antonio Fire and Police Pension
Fund wins Small Public Fund
Posted 3/15/13 on Money
Texas retirement systems'
long-term returns top assumption
3/5/13 on Pension & Investments
Lone Star State's local pension
plans hit long-term benchmarks,
Posted 3/27/12 on Pensions &
Local pension plans punished by
safe investments: study
Posted 2/5/13 on Reuters.com
Pension finances, local
government debt targeted in
Texas transparency bills
2/7/13 on Texas Watchdog
Texas pension funds are
1/4/13 on San Antonio Business
Public pension funds already
12/16/12 on San Antonio Express
Texas Teachers has upbeat
12/14/12 on Pensions &
Patterson: There's plenty of
pension fund transparency
12/12/12 on Austin-American
Susan Combs Throws Cold Water on
Texas Public Pension "Crisis"
Posted 12/5/12 on Texas Observer
Combs sees red flags in state
12/4/12 on KXAN
GET THE FACTS
here to learn more
about the need to protect the pensions of Texas
CALL YOUR LEGISLATOR|
to learn the name of
your State and U.S.
Senators and Representatives
here to email your Senator or
here to email your Representative.