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Proposed Ordinance Amendments and Resolution

The El Paso City Employees' Pension Fund (the Fund) is governed by Section 2.64 of the El Paso Municipal Code. The Board in administering the Fund makes recommendations to the City Council regarding Plan amendments which will make the Fund operate more effectively. The proposed Plan amendments, in part, address Board membership/terms and clarify certain sections of the Plan. The resolution modifies factors used in early, deferred and optional retirement elections/settlements made by participants at the time of their retirement. A public hearing will be held on Tuesday, April 17, 2018, at City 1 located at 300 N. Campbell regarding the Plan amendment and resolution.

We encourage you to take a moment to read this important information.

 

New 2018 Withholding Table Rates

Retirees, please be aware that the new 2018 Withholding Table Rates have been used to calculate the February paycheck, dated 2/28/18, and all future paychecks until a revision is issued. You may see a change in your Federal Withholding Tax Amount. You can change your withholding by downloading the IRS Form W-4P and mailing or delivering the completed form in person to the Pension Office. Unless otherwise specified, Pension Administration must have the original form on file in order for the form to be valid. Faxed or e-mailed forms will NOT be accepted. Forms that are mailed in must be notarized.

Upcoming Pension Board Election

The Pension Fund was established by the City of El Paso to provide participants retirement benefits. It is regulated by the El Paso Municipal Code and administered by a board of trustees composed of two City Council district representatives, two citizens of the City who are not officers or employees of the City and who have resided in the City for a period of at least two years immediately preceding their appointment, four City employees who are qualified to participate in the Fund, and one retired City employee receiving pension benefits from the Fund and who is a resident of the City.

The terms of two employee members of the Pension Fund Board of Trustees are due to expire. An election for the two positions will be held the last full week in April 2018, from Monday, April 23 through Wednesday, April 25, 2018. Candidates for election to the Board must file, in person, an application with the City Clerk no later than 5:00 P.M., Tuesday, April 10, 2018, requesting to place their names on the ballot for the election. Application forms are available in the City Clerk's Office, first floor of the City Hall Building, 300 N. Campbell, El Paso, Texas 79901.

Voting will be held on Monday, April 23 through Wednesday, April 25, 2018, during regular working hours. Please click here to view the complete list of voting locations.

The Board of Trustees administers the Pension Fund, directs the safekeeping and investment of funds and orders payments from the Fund in accordance with the Municipal Code. Regular Board meetings are held monthly and as required. Trustees may also be appointed to specialized committees that will meet as required. Certain Committees, such as the Investment Committee, meet monthly. All Trustees must maintain continued education as stipulated by the State Pension Review Board.

 

 

 

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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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