MIKE MCGUFF informs that David Long, the head of the Houston Municipal Employees Pension System (HMEPS), is retiring in a few weeks.
Long, an effective advocate for HMEPS, seemed not to be Mayor White’s favorite person in recent years, probably because Mayor White knew very well that the pension plan’s underfunded liability — a problem he punted to the next mayor, just like it was punted to him from Lee Brown — remains a ticking time bomb.
Come to think of it, retiring instead of fighting with the mayor who eventually will have to deal with this problem is probably a pretty good deal for Long. Maybe some intrepid watchdog journalist will even tell us how good a deal at some point.
