HMEPS is Recognized for Fiduciary Excellence
We are pleased to announce the certification of the Houston Municipal Employees Pension System in the CEFEX Investment Steward program. The Centre for Fiduciary Excellence (CEFEX), announced today that it has certified the investment fiduciary practices of the Houston Municipal Employees Pension System as adhering to a global standard of excellence for Investment Stewards. HMEPS…
Read More »DROP Interest Rate is 7.5% for Calendar Year 2015
The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2015 will be 7.5%, effective January 1, 2015. The rate was approved by the HMEPS Board of Trustees at the October 2014 Board meeting. Under the Meet and Confer Agreement, the DROP interest rate for each calendar year is half (50%) of the HMEPS…
Read More »HMEPS Receives Award of Excellence in Financial Reporting for Twentieth Consecutive Year
The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Houston Municipal Employees Pension System (HMEPS) a Certificate of Achievement for Excellence in Financial Reporting for its 2013 Comprehensive Annual Financial Report (CAFR). This is the twentieth consecutive year that HMEPS has been honored with a Certificate of Achievement by…
Read More »DROP Interest Rate is 6.79% for Calendar Year 2014
The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2014 will be 6.79%, effective January 1, 2014. The rate was approved by the HMEPS Board of Trustees at the October 2013 Board meeting. Several DROP participants have asked how the DROP rate is determined. Under the Meet and Confer Agreement, the DROP interest…
Read More »City Files Lawsuit Against the Houston Firefighters’ Relief and Retirement Fund – 1/22/2014
The City of Houston announced that it had filed suit against the Houston Firefighters’ Retirement and Relief Fund (HFRRF) to gain “the same input on contributions and plan design for HFRRF that it already has with the Houston Police Officers Pension System (HPOPS) and the Houston Municipal Employees Pension System (HMEPS).” HMEPS is not a…
Read More »