summary
Introduced
01/25/2021
01/25/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC EMPLOYEE RETIREMENT; CHANGING THE COMPOSITION OF THE PUBLIC EMPLOYEES RETIREMENT BOARD; REMOVING CERTAIN ELECTION REQUIREMENTS.
AI Summary
This bill changes the composition of the Public Employees Retirement Board (PERB). It removes the Secretary of State, State Treasurer, and elected members representing state and municipal coverage plans, and replaces them with appointed members with relevant financial, actuarial, or fiduciary experience. The bill also removes the requirement for elected board members to report campaign contributions and prohibits board members and employees from accepting certain gifts. Additionally, the bill transfers the custodian duties of the association's funds from the State Treasurer to the Executive Director of the PERB.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
House State Government, Elections and Indian Affairs Committee (08:00 2/24/2021 Room Zoom) (on 02/24/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=162&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/house/HB0162.pdf |
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