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  Posted on: Wednesday, February 8, 2017
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Pension System Update
February 2017

   
 
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As of is writing, nothing in  writing regarding the content of HB 43, being authored by Chairman Dan Flynn, has been incorporated into the original filing.  The early bill was filed by Chairman Flynn solely to secure a small bill number which would insure an early hearing in committee.  All of the language in the filed bill will be replaced when the final version is completed by the city. My latest conversation with Terry Bratton, Chairman of the Board of Trustees of HPOPS, revealed that the city legal was still working on the final language.  When I spoke with Chairman Flynn, he said that all he was waiting on was the final content of the bill that would pushed forward.
 
Steve Rayne and I have made contact with many elected officials ( Representatives and Senators) and their staff, in concert with HPOPS Trustees, advising that we are still hopeful that city will get off dead center and complete the content of the bill, and will proceed with selling the necessary Obligation Bonds to pay the city's debt to HPOPS.
 
I am waiting to see a list from the Speaker of the House, Joe Straus, as to committee assignments and their members of the committees.
 
More to come.       Bill Elkin
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