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2017 Amendment Election and Forward DROP information

 

2017 Amendment Election and Forward DROP information 

The 2017 Amendment Election passed.  It was passed by the Fund’s Board of Trustees on September 20, 2017.  Then an election of the Fund’s membership was held from October 23rd thru November 5th.  A majority of the membership approved the amendment.  Then finally on December 12, 2017, City Council passed a Resolution which approved the amendments to the El Paso Firemen & Policemen’ Pension Fund.  These amendments will become effective on December 31, 2017.  The amendments increase member contributions, increase the minimum pension received by members who retired prior to 1980, and lower the Second Tier age and service requirements.

Forward DROP Information 

All members who are interested in enrolling in the Forward DROP must attend an educational session.  Educational sessions are held once a month normally on the first week of every month.  For more information, please contact a Benefit Specialist at (915) 771-8111.