HOUSTON - State lawmakers are hearing about the pained Houston pension system in Austin Monday.
The hearing got underway Monday morning and Mayor Turner is defending his plan in front of the legislature. It will partially reduce nearly $4 billion in unfunded debt.
Mayor Turner says failing to pass this bill would add millions to the deficit. That could mean more than 1,500 city employees could lose their jobs.
The proposal means reduced benefits and employees paying more into the fund.
KHOU 11 reporter Adam Bennett is in Austin and will bring us updates throughout the day.
Mayor Turner testifying on Houston's pension reform bill in Austin: "As long as we wait, the cost goes up." pic.twitter.com/t70x8BHHIS— Adam Bennett (@AdamBennettKHOU) March 20, 2017
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