UPDATE 1-24-13 – Congratulations to Our Recently Elected Board Officers
In each odd-numbered year, the HMEPS Board of Trustees elects Board officers to the positions of Chairman, Vice Chairman and Secretary. At the January 24, 2013 meeting, the HMEPS Board unanimously re-elected Sherry Mose as Chairman, Roy W. Sanchez as Vice Chairman, and Lonnie Vara as Secretary. Each Trustee has demonstrated skill and leadership in…
Read More »UPDATE 10-25-12
DROP Interest Rate for Calendar Year 2013 The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2013 will be 2.5%, effective January 1, 2013. The rate was approved by the HMEPS Board of Trustees at the October 2012 Board meeting. Several DROP participants have asked how the DROP rate is determined. Under the…
Read More »UPDATE 9-21-12
Update on the Texas Legislature - September 12, 2012 PIFS Meeting On September 12, 2012 the Texas House of Representatives Pensions, Investments and Financial Services (PIFS) Committee met to discuss several topics, including pensions. At the meeting, we reviewed for the Committee the history and current status of HMEPS, and answered questions from Committee members.…
Read More »UPDATE 8-10-12
HMEPS Receives Award for Excellence in Financial Reporting The Houston Municipal Employees Pension System (HMEPS) has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its 2011 Comprehensive Annual Financial Report (CAFR). According to the GFOA's release, "the Certificate…
Read More »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…
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