Houston Firefighters and City of Houston Reach 3 Year Pension Deal

On Friday the Houston Pension Board approved a 3 year deal with the City of Houston creating a cease fire in this lengthy pension dispute.  The deal includes:

• firefighters will contribute 12 % up from 9 %
• In year 1 of the deal, Houston will contribute city’s 25.8%, a decrease from the current 33%
• In the last 2 years, the City will contribute 24% 

State Representative Sylvester Turner is credited for helping negotiate the agreement.

In exchange for the agreement, the City of Houston is dropping its 2 lawsuits against the Houston Firefighter Pension System.

Houston Chronicle