City Council approves new pension resolution

Houston City Council overwhelmingly approved a new pension plan Wednesday meant to address a $4 billion hole left by the city's previous pension obligations.

Houston Mayor Sylvester Turner can claim victory after months of negotiations with police, fire and municipal employees.

The historic moment was met by almost unanimous consent, with Councilman Mike Knox the only "no" vote on the plan.

The pension plan must now head to the Texas Legislature for approval.

Last month, Turner announced that a deal had been reached in principle while surrounded by members of police and municipal employee pension boards.

HFD firefighters were noticeably absent.

We're following this story on Eyewitness News. Watch for updates on air, online and on our mobile news app.

Keep checking back on this page to get real-time updates as this story unfolds. To get alerts for breaking news, download the abc13 news app for iPhone or Android. You can also get breaking news alerts sent to you by email.
Related Topics:
newssylvester turnerpensionsHouston
(Copyright ©2016 KTRK-TV. All Rights Reserved.)

Load Comments