Pension Reform

The Untouchables: A Look at Local Retirement Systems Protected by State Law

Many of Texas’s local retirement systems are in danger of fiscal disaster. The latest data shows we have in excess of $57 billion in unfunded pension liabilities and that number is only continuing to grow. Texas’ pension programs are built on the defined benefit model. The panelists will discuss the viability of other options.

Rep. Roberto Alonzo, Texas House of Representatives
Rep. Jim Murphy, Texas House of Representatives
Max Patterson, Executive Director, Texas Association of Public Employee Retirement Systems | Presentation
Bob Williams, President, State Budget Solutions

Moderated by James Quintero, Director, Center for Local Governance, Texas Public Policy Foundation

In Depth: Pension Reform

Modern, 401(k)-style plans are now commonplace in the private sector. For state workers, however, traditional pensions are still the norm. As former Utah State Senator Dan Liljenquist wrote in Keeping the Promise: State Solutions for Government Pension Reform, this is not a partisan issue, but a math problem. State Budget…

+ Pension Reform In Depth