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PRB Fund Profile | Municipal / Other

Houston Municipal Employees Pension System

A public PRB/SB 322 snapshot for Summer Forum preparation. The visible data below comes from PRB public sources only. Paid dashboard fields are intentionally blurred and locked.

#1 of 100 by AUM $1B+ FYE June 30, 2024 PRB plan #187
Assets $4.72B #1 of 100 by AUM
Funded ratio 76.9% Latest PRB/SB 322 public value
10Y return 8.73% Assumption 7.00%
Members 23,212 10,816 active / 12,396 annuitants
Investment expense 1.35% % of assets, SB 322
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Published by Simpli-FI Events, using public PRB data.

This page is an event companion profile built from public regulatory data for Summer Forum planning and source review.

No financial advice. Nothing here is investment, actuarial, legal, fiduciary, procurement, provider-selection, or financial advice. Verify current source documents before formal decisions.

Returns and assumptions

Reported performance

1-year return
10.36%
3-year return
7.09%
10-year return
8.73%
Return assumption
7.00%
10Y vs assumption
+1.73 pts

Returns are net-of-fees as reported to the Texas Pension Review Board in the SB 322 Investment Data Report.

Asset allocation

Portfolio composition

Asset classAllocationClass expense
Real Assets 9.62% 0.10%
Fixed Income 31.46% 0.54%
Equities 31.17% 0.10%
Cash 0.80% 0.01%
Alternative Investments 26.72% 0.58%

Displayed percentages are the reported SB 322 allocation rows. The bar normalizes visible categories when rounding or blank rows make totals differ from 100%.

Investment expense breakdown

SB 322 expense categories

Total investment expense
1.35%
Total direct + indirect
1.32%
Audit investment expense
0.23%

Service-level detail

Service category% of assets
Investment consultant 0.02%
Custodial 0.01%
Legal 0.00%
Research 0.00%
Other 0.00%
Total services 0.03%

The PRB services line is an expense category, not a firm-name field. Provider names stay locked unless a source-backed public record exists in the off-site Simpli-FI Signal Desk workspace.

Benefits and membership

PRB public plan detail

Active members
10,816
Annuitants
12,396
Employee contribution
3.00%
Employer contribution
30.07%
Contribution type
Actuarial
Social Security
Yes

Group A

Group A Eligible Members
Hired before 9/1/1981, or btwn 9/1/1999 & 1/1/2008, or former member of Group B or C who elected to join Group A
Age/YCS
62/5
Benefit Formula
(Accrued benefit before 1/1/2005) + Years of Credited Service after 1/1/2005 x 2.50% (First 20 YCS) then 3.25% (>20 YCS) x Final Average Salary; max 90% of FAS
Final Average Salary
Highest 36 months
COLA 50% of rolling 5-year net return minus 5%. Min 0%, Max 2%. No COLA in DROP accounts of active employees under age 62. DROP/PROP Provisions
Forward DROP, no max. Interest credit: 50% rolling 5-yr net investment return (min 2.5%, max 7.5%). COLA credited after 1/1/2018 if member > 62 years. Eff. 1/1/2005, employee contributions not credited.

Group B

Group B Eligible Members
Hired btwn 9/1/1981 & 9/1/1999 and did not elect to become a Group A member
Age/YCS
62/5
Benefit Formula
(Accrued benefit before 1/1/2005) + Years of Credited Service after 1/1/2005 x 1.75% (First 10 YCS) then 2.0% (10 to 20 YCS) then 2.5% (>20 YCS) x Final Average Salary; max 90% of FAS
Final Average Salary
Highest 36 months
COLA 50% of rolling 5-year net return minus 5%. Min 0%, Max 2%. No COLA in DROP accounts of active employees under age 62. DROP/PROP Provisions
Forward DROP, no max. Interest credit: 50% rolling 5-yr net investment return (min 2.5%, max 7.5%). COLA credited after 1/1/2018 if member > 62 years. Eff. 1/1/2005, employee contributions not credited.
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What stays locked in the free forum guide

Provider relationships Service provider database Consultants, custodians, managers, counsel, actuaries, auditors, source links, and relationship notes where verified. Learn about Signal Desk Governance graph Board, staff, and relationship context Named fiduciaries, leadership changes, board composition, meeting-source links, and relationship history when source-backed. Learn about Signal Desk Research ledger Disclosures and historical return library Source-file history, Investment Practices and Performance Evaluation notes, return methodology, and follow-up workflow. Learn about Signal Desk