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Resource ID: #21267
Subject: Pensions
Source: KTRK-TV (Houston)
Date: 2003-05-09



Reporters from KTRK-TV's 13 Undercover unit go behind the scenes to find out the reason for the increased cost of providing pensions for city workers in Houston. What they found was an extravagant misappropriation of funds, illegal gifts to members of Houston Firefighter Pension Board , as well as the Houston Municipal Employees Pension System. Board members were accused of taking trips around the world with their spouses, using money from the workers' pension funds. As a result of their investigation, Houston's mayor notified board appointees of the consequences of illegal gifts, and an investigation has been initiated for one pension board.

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