review boards as well as the City the proper incentives to in solving it. May 26, 2017 Victor Senties. document.write(d.getFullYear()); The elected officials, who serve four-year terms, are: the mayor, the city controller and 16 City Council Members: 11 … The solution In fact, according to the Houston Chronicle, the Texas constitution is fairly limited in the significance of this provision: “City attorneys disputed the pension fund’s constitutional interpretation, arguing the portion of the Texas Constitution the pension officials cite is not as explicit as they suggest. Pension Offices. Pension Offices. NPR's Scott Simon talks to the former Chicago mayor and Obama official about his new book, "The Nation City: Why Mayors Are Now Running The World.". . in medieval history and the F.S.A. It's a new idea with great potential to solve a 15-year old The city of Houston completed the sale of $1 billion in voter-approved pension bonds in New York Friday and began delivering the proceeds to its police and municipal pension funds, cementing the pension reform package that has dominated Mayor Sylvester Turner's first two years in office. 713.650.1961 The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2021 will be 2.84%, effective January 1, 2021. HOUSTON (KTRK) -- Houston Mayor Sylvester Turner is set to announce a plan on how to fix the city's pensions, which are billions of dollars in the hole. Our victory on pension reform is substantial. finances. The Texas House of Representatives takes its final vote concurring on changes to Senate Bill 2190, the Houston Pension Solution. News & Information from The Bayou City. So, obviously the City was concerned about the constitutional risk from the outset. HMEPS will not take any action with respect to an undelivered check or a lost, stolen or destroyed check before the tenth (10th) day of the month after the check is issued. What Does The Gamestop Madness Mean For Your Retirement Funds? So, obviously the City was concerned about the constitutional risk from the outset. Please call 281-372-5100 and ask for a Member Services representative to schedule a meeting. toll free. Created in 1943, HMEPS currently has over 25,000 participants. 800.858.1450. fax. In November, Houston voters approved the bonds by a 3-to-1 ratio. Houston Municipal Employees Pension System. Download City of Houston Retiree Benefits Contact Information >> Frequently asked questions . Houston, Texas 77002 . This is not an official HMEPS estimate. The appellate ruling in this latest round of court proceedings sided with the City of Houston regarding the suit to stop underfunding our pension plan. Rahm Emanuel Says Mayors Are Democracy's Real Engines Of Change, Appeals court sides with Turner, Houston in firefighter pension reform lawsuit, Houston completes $1B bond sale, cementing pension reforms, Houston voters approve $1 billion refund to pension fund. implements a, After recognizing all our gains and losses and using a more They tried again, with an alternate argument, and the second time around, at lest as far as the district court is concerned, won their case last week. 1201 Louisiana, Suite 900. It was all smiles all night long as the numbers came in, with voters overwhelmingly backing the slate of initiatives known as "Lift Up Houston.". Houston Mayor Sylvester Turner's reform for the city's pension reform package await a hearing in the state House. May 26, 2017 Kese Smith. City of Houston Retiree Benefits Contact Information Retiring involves a lot of steps in which you may need to contact many different organizations. Under the Mayor's plan, there are actually consequences to What if my pension check is not delivered, or is lost, stolen, or destroyed? Dear Rusty: I am 73 and receive a pension from my state’s Police and Fire Pension Fund. Therefore, HMEPS will not provide any benefit based on … At the time, the city celebrated the achievement, but as actuary-blogger Mary Pat Campbell reported in a series of articles at the time, the firefighters’ union remained opposed. Armed with an M.A. But, in asserting a facial challenge to a statute, the challenger must establish that no set of circumstances exists under which the statute is valid — usually a difficult showing. Indeed, Turner's proposal appears to strike the right amount . City Hall. had to make up the difference. Houston Municipal Employee Pension System 1201 Louisiana, Suite 900, Houston, Texas 77002 Main: 713.595.0100 Toll Free: 800.858.1450 Fax: 713.650.1961; Houston Firefighters’ Relief And Retirement Fund 4225 Interwood North Parkway, Houston, TX 77032-3866 Phone: (281) 372-5100 Toll Free: (800) 666-9737 make the proposal 'one of the better reforms in the country...' 800.858.1450. fax. The Legislature passed pension reform for the first time in decades, but required voter approval of pension obligation bonds, a critical component of the reforms. City Of Houston Finances. make the right assumptions. retirement for city workers at a very uncertain time for city Will the Texas Supreme Court, or any of the other intermediate courts along the way, be as receptive to the fund’s claim as Miller was? The rate was approved by the HMEPS Board of Trustees at the November 2020 Board meeting. We're in a fundamentally different Yes, I'm a nerd, and an actuary to boot. We break down the issues impacting our city’s public-employee retirement system. whereas before it wasn't. risk-sharing aspect. [The pension proposal] offers a clear path toward a sustainable Houston police are investigating a fatal crash that occurred at 10500 East Freeway (East Interstate Highway 10) that occurred about… Continue Reading → Posted in: Uncategorized.