Results of the HMEPS 2026 Trustee Election August 27, 2026
In the HMEPS 2026 Trustee Election, Tameka Hardison was elected to Active Employee Trustee Position 5, and Roderick J. Newman was elected to Retiree Trustee Position 8. For Active Employee Trustee Position 6, four candidates were on the election ballot. The election closed on August 21, 2026, and no candidate received a majority of votes.…
Read More »Results of the 2026 HMEPS Runoff Special Election – April 23, 2026
In the HMEPS 2026 Runoff Special Election, M. Arif Rasheed was elected to Active EmployeeTrustee Position 5. The Runoff Special Election was conducted under the independentadministration of Election-America, Inc. and certified by the Board at the April 23, 2026meeting. 2026 Runoff Special Election - Position 5 (Active Employee) Eligible NameVotes CastPercentageM. Arif Rasheed46653%Tameka Hardison41647% To…
Read More »2026 Trustee Special Election Update – February 26, 2026
In the HMEPS 2026 Trustee Special Election, ten candidates ran for election for Trustee Position 5, an active employee trustee position. The election closed on February 23, 2026, and no candidate received a majority of votes. Under the rules governing trustee elections for HMEPS, if no candidate receives a majority (over 50%) of the total…
Read More »DROP Interest Rate for Calendar Year 2026
The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2026 will be 6.80%, effective January 1, 2026. The rate was approved by the HMEPS Board of Trustees at the October 2025 Board meeting. The DROP interest rate calculation is set forth in the HMEPS Pension Statute. The DROP interest rate as of January…
Read More »COLA beginning February 1, 2026
The cost of living adjustment (COLA) will be 2.0% beginning February 1, 2026. The COLA calculation is set forth in the HMEPS Pension Statute. The COLA is equal to HMEPS’ five-year investment return, based on a rolling five-year basis and net of investment expenses, minus the assumed rate of return less two percentage points, and…
Read More »