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Houston Firefighter Pension Fund Statement
News Release
Thursday, November 08, 2018

In reference to passage of the pay equalization ballot initiative on Tuesday November 6, Houston Firefighters’ Relief and Retirement Fund Board Chairman Brett Besselman made the following statements:
  • Our study of Prop. B indicates its passage will cause a long-term improvement to benefits for Houston firefighters.
  • First, it will delay by two years benefit cuts that will likely be required under pension reform legislation passed in 2017.
  • Also, in 30 years, we project our pension fund will improve to 85 percent funded, better than the 83 percent previously anticipated.

·         Our analysis assumes HFD headcount remains the same and there actually is a payroll increase. However, if the Mayor lays off 800 firefighters, as previously threatened, then payroll would not actually increase and there would be no improvements to our pension fund.

Remembering Jim Guidry

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