Friday, December 23, 2016

Retirees bunch up

HOUSTON - During the year, Houston Police Department officers have two chances to sign up for retirement -- one in June and one in December. This past week was the time for that December chance, and more officers than usual signed up. 
 Two months after the City Council passed a plan to patch up Houston's pension crisis, the Police Department is facing what appears to be a premature exit of experienced employees. "This one is by far the largest we've had over the last, probably, 10 or 15 years," Doug Griffith, the HPD union vice president, said. On Wednesday, 126 officers signed up to retire in the next six months.
Promising payments over the means the other  party can schedule unpriced probability. 

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