NEWS ARCHIVES: 2016

News Update – December 21, 2016

HMEPS is continuing to negotiate with Mayor Turner’s administration on mutually agreed pension reforms for proposed enactment by the Texas Legislature in 2017. As part of the negotiations, the proposed benefit reforms have been updated. An overview of the updated proposed benefit reforms is contained in the current issue of the HMEPS Pension Press, which…

News Update – November 17, 2016

DROP Interest Rate is 2.5% for Calendar Year 2017 The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2017 will be 2.5%, effective January 1, 2017. The rate was approved by the HMEPS Board of Trustees at the November 2016 Board meeting. Several DROP participants have asked how the DROP rate is determined.…

2016 Fall F.R.E.E. Summit, October 21, 2016

Mark your calendars! HMEPS and the City of Houston Deferred Compensation Plan will hold the 2016 Fall Financial Retirement Employees Educational (F.R.E.E.) Summit on Friday, October 21, 2016. The F.R.E.E. Summit will be held at the Harris County Department of Education Conference Center, 6300 Irvington, Houston, Texas 77022 from 9:30 a.m. to 2:15 p.m. HMEPS…

News Update – October 12, 2016

Over the past several months, HMEPS has worked diligently with the Mayor and his administration to secure future funding for the pension plan, and to make changes to the pension plan to continue to provide meaningful benefits for participants. These changes are subject to HMEPS and the City mutually agreeing on funding matters and on…

News Update – September 15, 2016

HMEPS has been working with Mayor Sylvester Turner and his administration to address pension matters in a way that is mutually beneficial to both HMEPS participants and the City of Houston, and that brings about lasting reform for a sustainable retirement system. Thus far, negotiations have resulted in proposed changes that we believe provide competitive…