TPPF: Return 13 Pensions to Local Control.

TPPF calls for pensions that have state oversight to be returned to full local control in 2017.

TPPF Key Points:

• Being unable to make “good government” changes locally to the pensions has caused financial harm
  • a total of $8.7 billion in total pension liabilities 
  • 9 of the 13 systems have funded ratios below 80%
    • Ft. Worth Employees Retirement Fund’s 55.7 year amoritization period
    • Dallas Police & Fire Pension System – Combined has the most unfunded liabilities at $2.1 billion 
• TPPF relies on Pension Review Board data 
• TPPF highlights Moody’s downgrading of Houston’s credit rating as a direct result of Houston’s pensions 

TPPF target pensions: 

• Austin Employees’ Retirement Fund
• Austin Fire Fighters Relief and Retirement
• Austin Police Retirement System
• Dallas Police & Fire Pension System – Combined
• Dallas Police & Fire Pension System – Supplemental
• El Paso Firemen’s Pension Fund
• El Paso Police Pension Fund
• Ft. Worth Employees’ Retirement Fund
• Galveston Employees’ Retirement Plan for Police
• Houston Firefighters’ Relief and Retirement Fund
• Houston Municipal Employees Pension Systems
• Houston Police Officers’ Pension System
• San Antonio Fire and Police Pension Fund

TPPF | Restoring Local Control of State-Governed Pension Plans