Houston pension solution bill passes house
Senate Bill 2190 passes with 4 amendments in the House of Representatives
After passing 2nd reading in the House Monday, Senate Bill 2190--authored by Senator Joan Huffman (R-Houston) and sponsored by Representative Dan Flynn (R-Van) in the House--passed for the 3rd and final reading late last night in a vote of 115-29.
"Considering that the Houston Pension Fund is several billion dollars in debt, this vote was a huge step in the right direction for fiscal responsibility and reform," said Chairman Flynn. "While there is still work to be done on the bill before it reaches the Governor's desk, I am extremely proud of the effort from all entities that has been put forth to make this bill a reality. Houston is in dire need of pension reform, and my goal throughout has been to provide a solution that will create actuarial soundness for all three pension funds so that the Firefighters, Police Officers, and Municipal workers in Houston will not have their retirement taken away from them."
Chairman Flynn replaced House Bill 43 with SB 2190 during 2nd reading Monday after it had passed in the Senate the previous week.
