NEWS ARCHIVES: 2026
Cost-of-Living Adjustment (COLA) beginning February 1, 2027
The cost-of-living adjustment (COLA) will be 2.0% beginning February 1, 2027. 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 net of investment expenses, minus the assumed rate of return less two percentage points, and multiplied by 50%,…
Read More »Cash Balance Account Interest Rate for 2027
The Group D Cash Balance Account interest rate will be 0.20% bi-weekly, effective with the first full bi-weekly pay period after January 1, 2027. The Cash Balance calculation is set forth in the HMEPS Pension Statute. The Cash Balance rate is equal to half of HMEPS’ five-year investment return, based on a rolling five-year basis…
Read More »DROP Interest Rate for Calendar Year 2027
The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2027 will be 5.29%, effective January 1, 2027. The DROP interest rate calculation is set forth in the HMEPS Pension Statute. The DROP interest rate as of January 1 of each year is a rate equal to half of HMEPS’ rolling five-fiscal-year investment return…
Read More »Results of the HMEPS 2026 Trustee Runoff Election – October 22, 2026
In the HMEPS 2026 Trustee Runoff Election, William F. Bryant Jr. was elected to Active Employee Trustee Position 6. The following are the results of the HMEPS 2026 Trustee Runoff Election: To view the October 2026 Trustee Runoff Election Report click here.
Read More »Results of the HMEPS 2026 Trustee Election August 27, 2026
In the HMEPS 2026 Trustee Election, Tameka Hardison was elected to Active Employee Trustee Position 5, and Roderick J. Newman was elected to Retiree Trustee Position 8. For Active Employee Trustee Position 6, four candidates were on the election ballot. The election closed on August 21, 2026, and no candidate received a majority of votes.…
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