News Updates – October 26, 2017
DROP Interest Rate for Calendar Year 2018 The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2018 will be 4.52%, effective January 1, 2018. The rate was approved by the HMEPS Board of Trustees at the October 2017 Board meeting. The DROP interest rate calculation is set forth in SB 2190, which was…
Read More »News Update – August 30, 2017
HMEPS Check Update If you are expecting mail delivery of an HMEPS check, please be aware that the US Postal Service is experiencing service disruption due to Hurricane Harvey, and your check may be delayed.
Read More »News Update – May 31, 2017
Governor Abbott signed the pension reform bill (SB 2190) into law on May 31, 2017, with an effective date of July 1, 2017. Click here for an overview and FAQs on the benefit and contribution changes.
Read More »News Update – May 24, 2017
HMEPS Statement on the Texas Legislature’s Passage of Houston Pension Legislation The 85th Texas Legislature has approved final passage of Senate Bill 2190, the pension legislation that involves the Houston Municipal Employees Pension System. SB 2190 now proceeds to Gov. Greg Abbott’s desk for his signature. SB 2190 is the product of HMEPS working diligently…
Read More »News Update – May 8, 2017
Legislative Update on SB 2190 - Houston Pension Reform Bill Today the Texas House of Representatives took up SB 2190, the Houston pension reform bill. SB 2190 was substituted for HB 43 and passed out of the House this afternoon. The bill will now go to a conference committee to reconcile differences between the Senate…
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