transparency

Houston MTA Non-Union Pension Plan

Overview

Contact Information:
PO Box 61429
Houston, TX 77208
http://ridemetro.org
Phone: (713) 739-4886
Fax: None Reported

Classification: 810
Year Created:
Fiscal Year-End Month: 12

Total Members : 816

  Active Members: 344
  Inactive Members : 79
  Total Annuitants: 393
  (Effective Date: 1/1/2022)

Financials

(Effective Date: 12/31/2021)

Total Net Assets: $211,156,385

Total Assets : $211,330,253
Total Liabilities : $173,868
Total Additions : $36,655,295
Employer Contributions:
$13,447,958
36.69%
Employee Contributions:
$0
0.00%
Other Contributions:
$0
0.00%
Investment Income:
$23,207,337
63.31%
Other Income:
$0
0.00%

Total Deductions  : $30,012,585
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$29,179,951
97.23%
Administrative Expenses:
$324,750
1.08%
Investment Expenses:
$507,884
1.69%
Other Expenses:
$0
0.00%
Total Contribution Rate: 39.96%
(Effective Date: 1/1/2022)
Employer: 0.00%
Employee: 39.96%

Historical Investment Returns

(Report Date: 12/31/2021)
—  Assumed Rate of Return 6.25%
  • 1-Year Return: 11.80%
  • 3-Year Return: 13.40%
  • 10-Year Return: 8.60%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 6.25%

Actuarial

(Effective Date: 1/1/2022)
Actuarial Value of Assets : $211,156,385
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $195,283,822
Actuarial Assumption Details

Actuarial Funded Ratio : 64.47%

Market Funded Ratio: 69.71%

Amortization Period (Yrs) : 21
Unfunded Liability : $107,619,754
Unfunded Liability per Member: $131,887

Benefit Tier Details

Eligible Members:
Hired before 10/1/2007
Vesting:
5 YCS
Age/YCS:
65/5
Benefit Formula:
$60 x Years of Credited Service before 10/1/1978 + Years of Credited Service after 10/1/1978 x 2.50% X Final Average Salary
Final Average Salary:
Final 36 months
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes

Investment Policy Details

Effective Date: 12/10/2019

Asset Class:
Equities
Minimum Allocation:
16%
Maximum Allocation:
70%
Target Allocation:
51%
Asset Class:
Fixed Income
Minimum Allocation:
25%
Maximum Allocation:
45%
Target Allocation:
35%
Asset Class:
Real Estate
Minimum Allocation:
5%
Maximum Allocation:
15%
Target Allocation:
10%
Asset Class:
Alternative Investments
Minimum Allocation:
0%
Maximum Allocation:
9%
Target Allocation:
4%