NEWS ARCHIVES: 2013
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 »Max Patterson article “Houston’s Pension Plan Funding Holds Up Under Scrutiny”
Max Patterson, Executive Director of the Texas Association of Public Employees Retirement Systems, wrote a letter that appeared in the Houston Chronicle's August 28th edition in response to Columnist Bill King's article. The article highlighted the strong returns of the City's pension systems. Click on the following link to read the full article: Patterson: Houston's…
Read More »Houston Is Not Detroit – A Tale of Two Cities
n light of the City of Detroit's unfortunate filing for bankruptcy recently, some have asked if such a troubling event could occur with the City of Houston. The answer is almost certainly no. Indeed, a comparison of Detroit and Houston reveals two cities headed in opposite directions. Detroit is, sadly, in decline, while Houston is…
Read More »HMEPS Member Video
HMEPS is proud to present our Member Video, which highlights the fact that retirement pensions are vital earned benefits for our participants, and that those benefit payments also provide a strong boost to the Houston economy and the city's economic recovery. To view the video, click here.
Read More »Visit HMEPS’ New Social Media Pages
As part of our efforts to stay connected with you, HMEPS is pleased to announce we are now on Facebook and Twitter. To visit the new Facebook page, click here. To follow us on Twitter, click here.
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