Posts Tagged ‘public policy’

TRS - A Texas Pension Too Big To Fail

TRS – A Texas Pension Too Big To Fail

By The Banker | Blog Posts, Investing, Personal Finance, Texas

Texas State Senator Paul Bettencourt, (R-Houston) poked the bear when he filed Senate Bills 1750 and 1751, which would allow the Teachers Retirement System of Texas (TRS) and Employee Retirement System of Texas (ERS) to study, and possibly implement, changes in their public pensions. Change would mean moving – in an as-yet unspecified way – […]

Teachers and Their Retirement Problems

Teachers and Their Retirement Problems

By The Banker | Blog Posts, Personal Finance, Texas

A majority of people struggle to prepare financially for their retirement, but public school teachers and employees face a particularly difficult set of circumstances. I’m enough of a fiscally hard-assed finance guy to think that every public school teacher should self-fund his or her retirement to supplement their pension plan, which for people in my […]

Houston We've Got a (Pensions) Problem

Houston We’ve Got a (Pensions) Problem

By The Banker | Blog Posts, Texas

Houston’s three public pensions may not be in total distress today, but some of the instrument panels are beginning to flash orange. One of the warning signs is the hit to the city’s credit-ratings earlier this year, as Moody’s Investors Service downgraded the City of Houston’s debt on March 16 2016. You might guess that […]