HB 2608 should be opposed because of what we know of local pensions which have "local control." Those are the cities whose budgets often fail: nothing is more tempting to mayors and councils than promising unsustainable benefits to large, motivated city employee groups -- the ones who vote. While the proponents of HB 2608 suggest that city governments will manage their finances responsibly through "local control," experience doesn't support their contention. Keep the current system of checks and balances which has worked so well across the great state of Texas. Oppose HB 2608.
Here are highlights of pension performance in Texas in the FY2014.
It's important for the people at Texas' local pensions to keep their elected officials informed about the health of their system and what they are doing to continually improve it.