NEWS ARCHIVES: 2017
News Update – November 8, 2017
On Tuesday, November 7th, City of Houston voters overwhelmingly approved Proposition A, which authorizes the City to issue $1 billion in pension obligation bonds to reduce public employee pension unfunded liability, including $250 million to HMEPS. This election result is the culmination of nearly a year’s work by Mayor Sylvester Turner, HMEPS, the Texas Legislature…
Read More »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…
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