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UPDATE 4-9-12

HMEPS Highlighted As One of the Top Performing Local Public Retirement Systems in Texas

HMEPS is well-positioned to deliver secure benefits to its members and value to taxpayers for the long-term. HMEPS, while not immune to the effects of the recession, has weathered the storm better than most public pension systems in part because of sound management of its assets. HMEPS’ 2011 earnings on investments were 22.17%, which greatly exceeded our expected return of 8.5%, and our long-term returns are at and above our expected return.

To view the article please click here.

UPDATE 10-31-11

DROP Interest Rate for Calendar Year 2012

The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2012 will be 7.5%, effective January 1, 2012.  The rate was approved by the HMEPS Board of Trustees at the October 2011 Board meeting.
 
Several DROP participants have asked how the DROP rate is determined.  Under the Meet and Confer Agreement, the DROP interest rate for each calendar year is half (50%) of the HMEPS investment return for the prior fiscal year, with a maximum rate of 7.5% and a minimum rate of 2.5%.  The HMEPS investment return for Fiscal Year 2011 was 22.17%.  Because half of 22.17% is in excess of the maximum rate of 7.5%, DROP participants in 2012 will receive 7.5% on their DROP accounts.   

DROP is an optional retirement method for members who have reached their normal retirement eligibility (age and years of credited service) but do not want to retire.  It is an alternative method of accumulating and receiving a pension benefit from HMEPS.  To speak with a benefit counselor to learn more about DROP, please call the HMEPS office at 713-595-0100. 

UPDATE 6-29-11

HMEPS and City of Houston Finalize Funding Agreement - June 29, 2011

Today, the Houston City Council approved the Amended and Restated Meet an Confer Agreement (Agreement) that was negotiated between HMEPS and the Mayor's office.

For more information, click here>>

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