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Pension News

Pension Board Election Results

Voting for the Pension Board election closed on Wednesday, April 26, 2017, and the results are in. Congratulations to our returning Trustee, Karl Rimkus of the Environmental Services Department (ESD). We are also pleased to welcome new Trustee, Robert C. Studer of the Office of Management and Budget (OMB). Employees elected to serve on the Pension Board of Trustees serve a three-year term.

Rimkus is the Environmental Compliance Program Manager with the ESD. He has served on the Pension Board since 2012 and is presently Board Chairman. Rimkus is also a member of the Fund’s Investment Committee and Chairman of the Ad-Hoc Facilities Committee. Studer is the Executive Budget Advisor with OMB. Studer brings a new perspective to the Board as this will be his first term serving on the Pension Board.

We would like to thank Mario R. Hernandez of El Paso City-County Health District for his service on the Board of Trustees since 2006. Hernandez was also a member of the Fund’s Audit and Personnel Committees. Thank you, Mr. Hernandez!

We would also like to express our gratitude to all the candidates interested in serving on our Pension Board and hope that they will continue to show an interest in serving. The following Board elections will be held in 2018.

 

Board of Trustees Approved an Ad-Hoc COLA for Qualified Retirees

The Actuary Committee for the El Paso City Employees’ Pension Fund (the Fund) recently met to review the latest actuarial valuation, the returns of the investment portfolio, and the recent Consumer Price Index. To access the complete actuarial valuation and other financial reports, please visit www.eppension.org. See Page 3 in this newsletter for information on the Fund’s financial performance.

The Actuary Committee made a recommendation that the Pension Board of Trustees grant a Cost of Living Adjustment (COLA) for retirees. On May 17th during the regular meeting of the El Paso City Employees’ Pension Fund, the Board of Trustees approved an ad-hoc COLA payment to be granted to qualifying retirees. A one-time payment in the amount of $800.00 will be made to retirees who retired prior to July 1, 2016. The anticipated payment date is July 21, 2017.

Pre-Retirement Planning

Training

The Pre-Retirement Planning Session is scheduled for August 8, 2017. The informational session helps to prepare participants for retirement. The session will be held at the Workforce Learning Center located at 218 N. Campbell Street from 8:00 A.M. to Noon and from 1:00 P.M. to 5:00 P.M.

Register in advance by sending an email to trainingregistration@elpasotexas.gov. with the following information:

  • Employee Name
  • Kronos ID Number
  • Department Name
  • Name of Training

 

 

 

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P: 915-212-0112 | F: 915-212-0113
contact@eppension.org

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El Paso, TX 79901

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