NEWS ARCHIVES: 2022

DROP Interest Rate for Calendar Year 2023 – Updated October 27, 2022

The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2023 will be 5.43%, effective January 1, 2023. The rate was approved by the HMEPS Board of Trustees at the October 2022 Board meeting. The DROP interest rate calculation is set forth in the HMEPS Pension Statute. The DROP interest rate as of January…

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Results of 2022 Trustee Election – August 26, 2022

In the HMEPS 2022 Trustee Election, Sherry Mose was unopposed for election to Active Employee Trustee Position 5, and Roderick J. Newman was unopposed for election to Retiree Trustee Position 8. For Position 6, an active employee trustee position, two candidates were on the election ballot. We would like to congratulate Roy W. Sanchez on…

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Thinking about returning to work after retirement? Know the requirements! – Updated March 11, 2022

HMEPS has received inquiries about employees retiring and then returning to work part-time for the City of Houston, or providing their same services for the City of Houston as independent contractors or through third-party contractors.HMEPS requires each retiring member to complete a “Certificate of Separation from Service with City of Houston” form, in which the…

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We’re working to help keep the HMEPS community safe and healthy! – Updated March 7, 2022

The HMEPS Office Is Open for Scheduled In-Person Meetings An in-person meeting with a Benefit Counselor requires an appointment. Document Submission. If you are a participant and you want to submit your completed documents to HMEPS without a scheduled appointment, you can: If you have any questions about submitting your documents, call the HMEPS office…

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Cash Balance Account Interest Rate for Calendar Year 2022

The Group D Cash Balance Account interest rate for calendar year 2022 will be 6.2% (0.24% bi-weekly), effective January 1, 2021. The cash balance interest as of January 1 is a rate equal to half of HMEPS’ net five-year investment return, but not less than 2.5% nor more than 7.5%, and divided by 26. The…

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