The Group D Cash Balance Account interest rate for calendar year 2019 will be 4.11% (0.16% bi-weekly), effective January 1, 2019. The rate was approved by the HMEPS Board of Trustees at the October 2018 Board meeting.
The Cash Balance Account is provided under the HMEPS Pension Statute only to Group D members. Interest is credited bi-weekly on a Group D member’s contributions to the account, and is payable to a former Group D member with at least one year of service in the pension plan. To speak with a benefit counselor to learn more about the Cash Balance Account, please call the HMEPS office at 713-595-0100.