NEWS ARCHIVES: 2014
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…
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