Report Claims Houston Pay Parity would Positively Affect Pension Fund


In a letter recently sent to the Executive Director of the Houston Fire Relief and Retirement Fund (HFRRA), Aaron Shapiro, principal of Buck Consultants said, “The Board of Houston Firefighters’ Relief and Retirement Fund engaged us to project the impact on funded status and contribution rates… Overall, the 28% pay increase would be projected to have a positive effect on the pension plan with an improved financial position over the long term.” That’s a very different claim than what was heard at the most recent council Budget and Fiscal Affairs (BFA) hearing on the matter.

September 6, 2018 by Charles Blain

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