News & Updates

2% COLA beginning February 1, 2018

The cost of living adjustment (COLA) will be 2% beginning February 1, 2018. The COLA calculation is set forth in SB 2190, which was enacted in the 85th Texas Legislature and amended the HMEPS Pension Statute. Under the amended Statute, the COLA is equal to HMEPS’ five-year investment return, based on a rolling five-year basis…