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Houston pension bill moves ahead, despite flaws

By   /  March 21, 2017  /  News, Pensions, Texas  /  No Comments

Photo by Traci Patterson/Creative Commons

Houston Mayor Sylvester Turner went to Austin Monday to convince lawmakers that he has hit upon a solution to Houston’s $8.1 billion pension problem. His answer is math — really complicated but ultimately pointless math.

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The federal debt is $20 trillion? Try $100 trillion

By   /  March 20, 2017  /  Accountability, Budget and Spending, Federal Government, Federal government, National, News, Pensions, Transparency  /  No Comments

Most federal debt is hidden off the books in the form of promised — and unfunded — future payments to Medicare and Social Security recipients.

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Auditor: Pittsburgh’s pension funds are nearing state of distress

By   /  March 15, 2017  /  News, Pennsylvania, Pensions  /  No Comments

Although Pittsburgh paid more into its pension plans than was required, the funds set up to pay retirement benefits still struggle to be financially solvent.

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Director: Mississippi pension system is ‘OK’ despite uncertain future

By   /  March 2, 2017  /  Budget and Spending, Mississippi, News, Pensions, State Budgets, State Government  /  No Comments

Photo illustration by Steve Wilson

The executive director of Mississippi’s pension system said the fund’s status is OK despite a few fiscal “whammies.”

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Directors not eager to adjust Pittsburgh’s struggling pension fund

By   /  February 28, 2017  /  News, Pennsylvania, Pensions  /  No Comments

Shutterstock photo

Pittsburgh’s pension fund has barely more than half of the $1.2 billion it owes to current and future retirees.

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Arlington scores best financials among Texas cities

By   /  January 12, 2017  /  Budget and Spending, News, Pensions, Taxes, Texas  /  No Comments

Chart for by Katherine Oxenreiter

Unlike other big Texas cities that are swimming in debt, Arlington has cash on hand to cover its public pension liabilities. The self-proclaimed “American Dream City” ranks No. 7 nationally for its financial health, according to a report by the nonpartisan Truth in Accounting.

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