News & Updates

DROP Interest Rate for Calendar Year 2022 – Updated November 18, 2021

The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2022 will be 6.2%, effective January 1, 2022. The DROP interest rate as of January 1 of each year is equal to half of HMEPS’ net five-year investment return, but not less than 2.5% nor more than 7.5%. The HMEPS net five-year investment return…