Houston Issues $1 Billion in Pension Obligation Bonds
Issuance is final piece of Houston Pension Solution reform package.
Issuance is final piece of Houston Pension Solution reform package.
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Surge in retirements due to changes that reduced benefits for officers.
Houston firefighters’ pension opposes the bill, and is considering legal action.