Public comments on Texas House Bill 3340, “Relating to relief and retirement funds for firefighters and police officers in certain municipalities,” submitted to the Texas House Committee on Pensions, Investments, and Financial Services.
Chairman Capriglione and members of the committee:
Thank you for the opportunity to offer comments on Texas House Bill 3340 (HB 3340) and the need for a proper actuarial analysis of the proposed changes to Houston fire and police pension benefits.
In 2017, policymakers took on a major effort to reform Houston’s underfunded and increasingly costly police and firefighter retirement funds. Ultimately, stakeholders achieved a resolution allowing the city