News & Updates

COLA beginning February 1, 2022

The cost of living adjustment (COLA) will be the maximum 2.0% beginning February 1, 2022. The COLA is equal to half of HMEPS’ net five-year investment return minus 5%, but not less than 0% nor more than 2%. The net five-year investment return on HMEPS’ investments as of the end of fiscal year 2021 is…