News Update – May 31, 2017
Governor Abbott signed the pension reform bill (SB 2190) into law on May 31, 2017, with an effective date of July 1, 2017. Click here for an overview and FAQs on the benefit and contribution changes.
Read More »News Update – May 24, 2017
HMEPS Statement on the Texas Legislature’s Passage of Houston Pension Legislation The 85th Texas Legislature has approved final passage of Senate Bill 2190, the pension legislation that involves the Houston Municipal Employees Pension System. SB 2190 now proceeds to Gov. Greg Abbott’s desk for his signature. SB 2190 is the product of HMEPS working diligently…
Read More »News Update – May 8, 2017
Legislative Update on SB 2190 - Houston Pension Reform Bill Today the Texas House of Representatives took up SB 2190, the Houston pension reform bill. SB 2190 was substituted for HB 43 and passed out of the House this afternoon. The bill will now go to a conference committee to reconcile differences between the Senate…
Read More »News Update – May 18, 2017
Legislative Update and Summary of Benefit and Contribution Changes HMEPS is preparing for legislative changes to the pension plan that are expected to go into effect within the next few months. HMEPS has kept you informed both before and throughout the legislative session regarding the proposed benefit and employee contribution changes, which are summarized in…
Read More »News Update – May 2, 2017
Senate passage of SB 2190 The Houston Chronicle reported yesterday’s passage of amended SB 2190 (Houston bill) by the Texas Senate. The bill now moves to the Texas House of Representatives where we will monitor its movement. SB 2190 contains a trigger for potential implementation of a separate cash balance retirement plan for new employees…
Read More »