Bill

Bill > SB315


NM SB315

NM SB315
Public Safety Officer Retirement


summary

Introduced
02/01/2021
In Committee
03/16/2021
Crossed Over
03/11/2021
Passed
03/19/2021
Dead
Signed/Enacted/Adopted
03/19/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO PUBLIC EMPLOYEE RETIREMENT; INCLUDING CERTAIN STATE POLICE DIVISION OFFICERS UNDER THE STATE POLICE MEMBER, CORRECTIONAL OFFICER MEMBER AND PROBATION AND PAROLE OFFICER MEMBER COVERAGE PLAN 1; PROVIDING FOR AN ELECTION PERTAINING TO THE ADOPTION OF THE STATE POLICE MEMBER, CORRECTIONAL OFFICER MEMBER AND PROBATION AND PAROLE OFFICER MEMBER COVERAGE PLAN 1; PROVIDING FOR THE ADJUSTMENT OF CERTAIN SERVICE CREDIT EARNED PRIOR TO THE ADOPTION OF THE STATE POLICE MEMBER, CORRECTIONAL OFFICER MEMBER AND PROBATION AND PAROLE OFFICER MEMBER COVERAGE PLAN 1; MAKING APPROPRIATIONS.

AI Summary

This bill proposes to include certain state police division officers under the State Police Member, Correctional Officer Member, and Probation and Parole Officer Member Coverage Plan 1 of the Public Employees Retirement Act. It provides for an election for state police members currently contributing under the State General Member Coverage Plan 3 to adopt the new coverage plan, and adjusts their credited service under the new plan to include service since July 1, 2015. The bill also makes an appropriation and sets the effective date as July 1, 2021.

Committee Categories

Budget and Finance, Health and Social Services, Military Affairs and Security

Sponsors (2)

Last Action

Signed by Governor - Chapter 36 - Apr. 5 (on 03/19/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...