Houston Municipal Employees Pension System
1111 Bagby
Suite 2450
Houston, TX 77002
Contact: David Long
Phone: (713) 759-9275 Fax: (713) 759-9275
Email: David.long@cityofhouston.net
Updated as of: 6/24/2010
LEGAL AUTHORITY FOR CREATION AND OPERATION(State)
Section 2, Article 6243h V.T.C.S., as amended. 2004 Meet & Confer Agreement between the City and Houston Municipal Employees, in addition to any amendments to that document.
GENERAL POWER AND DUTIES
The general administration, management, and responsibility for the proper and effective operation of the Pension System.
MEETING TIME AND LOCATION
Fourth Tuesday, 1111 Bagby, Suite 2450, Houston; time to be determined by the Chair.
COMPOSITION
TOTAL: 11 members
Position 1: A person appointed by the Mayor who is not a participant in HMEPS. This person must have expertise in at least one of the following areas: (i) accounting or financial in the nature of Sarbanes-Oxley Act requirements; or (ii) pension, investment, or actuarial.
Position 2: A person appointed by the Controller who is not a participant in HMEPS. This person must have expertise in at least one of the following areas: (i) accounting or financial in the nature of Sarbanes-Oxley Act requirements; or (ii) pension, investment, or actuarial.
Position 3 through 6: Employees elected by active employee membership (must have 5 years service).
Position 7 & 8: Retirees elected by retiree membership (must have 5 years service, receive a pension, and may not be officers or employees of the City).
Position 9: A person elected by a majority of the elected trustees who has lived in the state for 3 years and is not a city officer or employee. This person must have expertise in at least one of the following areas: accounting, financial, pension, investment, or actuarial.
Position 10 & 11: Appointed by City Council who is not a participant in HMEPS. This person must have expertise in at least one of the following areas: accounting, financial, pension, investment, or actuarial.
NOTE: The appointing authorities for positions 1, 2, 10, and 11 must endeavor to ensure that no more than two of the appointees have expertise in the same area, unless such overlapping expertise is in addition to a designated area of expertise that is not overlapping.
TERMS: Pos. 1, 2, 9, 10 & 11 are three year terms starting July 1. Pos. 3, 4, 5, 6, 7 & 8 are four year (staggered) terms.
CHAIRPERSON: Elected by the members.
QUORUM: Six persons required for quorum.
COMPENSATION: Not specified.
FINANCIAL ACCOUNTABILITY
Entity is included in the financial reporting for the City of Houston. Required to take an Ethics Course.
MEMBER LIST