NEWS ARCHIVES: 2019
1.61% COLA beginning February 1, 2019
The cost of living adjustment (COLA) will be 1.61% beginning February 1, 2019.The COLA calculation is set forth in the HMEPS Pension Statute, as amended by SB 2190 in the 85th Texas Legislature. Under the amended Statute, the COLA is equal to HMEPS’ five-year investment return, based on a rolling five-year basis and net of…
Read More »Cash Balance Account Interest Rate for Calendar Year 2019
The Group D Cash Balance Account interest rate for calendar year 2019 will be 4.11% (0.16% bi-weekly), effective January 1, 2019. The rate was approved by the HMEPS Board of Trustees at the October 2018 Board meeting.The Cash Balance Account is provided under the HMEPS Pension Statute only to Group D members. Interest is credited…
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