Tag Archives: Towers Watson

Turner’s 2019 budget

Posted on May 10, 2018 by Charles Kuffner

Here’s the plan for making ends meet for next fiscal year. Mayor Sylvester Turner’s proposed budget for the fiscal year that starts in July would close a shortfall of $114 million without employee layoffs by drawing down the city’s reserves, … Continue reading →

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City reaches settlement in pension projection lawsuit

Posted on March 27, 2018 by Charles Kuffner

Old story, new development. Houston has agreed to settle a lawsuit it filed four years ago against an actuarial firm whose predictions it blamed for contributing to the city’s multi-billion-dollar pension crisis for $40 million. The city’s outside counsel, Susman … Continue reading →

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Council votes to sue over bad pension projections

Posted on July 18, 2014 by Charles Kuffner

Game on. Houston City Council on Wednesday paved the way for city attorneys to sue an actuarial firm the city claims gave inaccurate pension estimates that spurred costly changes to firefighters’ retirement benefits in 2001. […] Houston’s contribution rate to … Continue reading →

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Another pension-related lawsuit coming?

Posted on July 10, 2014 by Charles Kuffner

Here’s a little blast from the past. The city of Houston may sue a company whose advice it relied upon in making changes to firefighters’ retirement benefits in 2001, saying the firm’s inaccurate predictions left the city on the hook … Continue reading →

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