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HMEPS
Challenge
As the Baby Boomer population base edges closer and closer to retirement, the role of good pension management is becoming more critical. Houston Municipal Employees Pension System (HMEPS) was faced with an increasing pool of retirees and an outdated way to keep track of them all. There were too many hand-offs of critical data and streamlining their internal operations had become a major priority.
Solution
Through the combined network administration and programming talents of John AndersEn & Co LLC LLC, HMEPS was able to chart a course toward greater internal data stability and significant efficiency gains. This objective was met through equipment upgrades and the deployment of an internal website consistently tracking and handling pension benefit applications through the various departments.
Benefit
HMEPS has eliminated the need to rekey data thereby significantly reducing data-entry errors and the dependence on excessive cross-checks in their system. This solution illustrates the power of a well-integrated computer application.
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No current news items found for "" as of
2/5/2012 5:08:13 PM
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Mayor pins hopes on pension task force reportHouston ChronicleBy Chris Moran About one out of every 11 dollars in this year's city budget goes to cover pension costs. The $165 million the city plans to send to its three public employee pensions this fiscal year is the consummation of a decades-old contract with ...and more » |
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Revelation of memo on firefighter pact sparks angerCt PostIt would mean the town could risk losing the cut in sick days that it negotiated, McHale said, and any requirement that newly hired firefighters would go into a 401(k) retirement plan, rather than the now-standard pension, would only apply to a few ...and more » |
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City budget woes not over yetHouston ChronicleMost of the money Dowe identified is in increased pension costs. In fiscal year 2013 the city will owe its municipal employees' pension fund $10 million more than it does this year. Its annual police pension bill will increase by $27 million. |
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