NEWS ARCHIVES: 2025
Important Notice Regarding City Incentive
HMEPS recently learned that the City of Houston is offering a special incentive to retirement-eligible members. HMEPS is a separate entity from the city, and does not administer or have specific details on the incentive, but we will work diligently with retirement-eligible members and the City to process the expected increased number of retirements. We…
Read More »COLA beginning February 1, 2025
The cost of living adjustment (COLA) will be 2.0% beginning February 1, 2025. The COLA calculation is set forth in the HMEPS Pension Statute. The COLA is equal to HMEPS’ five-year investment return, based on a rolling five-year basis and net of investment expenses, minus the assumed rate of return less two percentage points, and…
Read More »Cash Balance Account Interest Rate for 2025
The Group D Cash Balance Account interest rate will be 0.21% bi-weekly, effective with the first full bi-weekly pay period after January 1, 2025. The rate was approved by the HMEPS Board of Trustees at the October 2024 Board meeting. The Cash Balance calculation is set forth in the HMEPS Pension Statute. The Cash…
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