Yesterday, Bill King launched what he promises will be a series of op-eds on the significant problems facing the City of Houston’s pension plans (massively underfunded, and threatening to become even more of a burden not that far into the future). The first op-ed lays out the problem, and defines the two different types of pension plans (defined-benefit versus defined-contribution) that he will be discussing in forthcoming articles.
It’s good to see the Chronicle editorial page hosting this series from King, since the editorial board itself has no credibility on the issue.
It would be even better if the editorial page editor could solicit a similar series from former mayor Bill White (who has lately been writing on education for a statewide audience — the Bill White for Texas dream lives on, apparently!). Since his gubernatorial campaign — and gullible state media — called his work on municipal pensions while mayor “a role model,” it only seems appropriate to solicit White’s counsel.
