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Houston faced an increasing unfunded liability for its employee pensions that totaled at least $3.9 billion, as of 2015, up from $212 million in 1992. If no action is taken, that unfunded liability is expected to continue growing.

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The Houston Pension Question: How the City's Pension Liability Grew and the Options for Reform
This report presents options for pension reform.
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Aug 9, 2016
The Houston Pension Question

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