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  Posted on: Friday, January 20, 2017
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Pension System Update
January 2017

   
 
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                       Pension System Update

 Thursday, Jan. 17th, I attended the delayed monthly meeting of HPOPS.  Here are some of the highlights.
 
PENSION VALUE: (as of 1/18/17)  $4.3 Billion
 
RETIREMENTS: (year)  188 by March.  Expected by year end: 275
 
LEGISLATIVE UPDATE:
HPOPS still working with the city's negotiators on final language to be placed in the legislation.  One main item in the talks is that the city must sell the necessary obligation bonds to pay the system the required $750 million back payment on  the ARC's they owe the system.  If that does not occur, the there is NO compromise.
Wm "Bill" Elkin, HPROA Executive Director
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