2016 Fall F.R.E.E. Summit, October 21, 2016
Mark your calendars! HMEPS and the City of Houston Deferred Compensation Plan will hold the 2016 Fall Financial Retirement Employees Educational (F.R.E.E.) Summit on Friday, October 21, 2016. The F.R.E.E. Summit will be held at the Harris County Department of Education Conference Center, 6300 Irvington, Houston, Texas 77022 from 9:30 a.m. to 2:15 p.m. HMEPS…
Read More »News Update – October 12, 2016
Over the past several months, HMEPS has worked diligently with the Mayor and his administration to secure future funding for the pension plan, and to make changes to the pension plan to continue to provide meaningful benefits for participants. These changes are subject to HMEPS and the City mutually agreeing on funding matters and on…
Read More »News Update – September 15, 2016
HMEPS has been working with Mayor Sylvester Turner and his administration to address pension matters in a way that is mutually beneficial to both HMEPS participants and the City of Houston, and that brings about lasting reform for a sustainable retirement system. Thus far, negotiations have resulted in proposed changes that we believe provide competitive…
Read More »HMEPS Responds To Misleading Statements In TV And Radio Ads Made By Texans For Local Control
HMEPS would like to address the misleading statements being made in new TV and radio ads paid for by Texans for Local Control, an ideological, corporate-funded group. This group claims to support “local control” of the City’s pensions, but, in fact, argues only for total control by City officials who would be able to implement…
Read More »DROP Interest Rate is 2.5% for Calendar Year 2016
The Deferred Retirement Option Plan (DROP) interest rate for calendar year 2016 will be 2.5%, effective January 1, 2016. The rate was approved by the HMEPS Board of Trustees at the October 2015 Board meeting. Several DROP participants have asked how the DROP rate is determined. Under the Meet and Confer Agreement, the DROP interest…
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