Testimony before the House Committee on Pensions in support of House Bill 13, a measure that would bring about greater government transparency in Texas' state and local retirement systems.
Economy
Teachers’ Pension Crisis in Texas
A recent Wall Street Journal article highlighted how the $4 trillion in total unfunded public pension debts of cities and states nationwide equals Germany’s economy. The WSJ figure below highlights how this massive sea of red ink means that there could be a tremendous burden on taxpayers as contributions rise or on public sector employees’...
August 3, 2018