summary
Introduced
01/18/2022
01/18/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
02/12/2022
02/12/2022
Passed
02/17/2022
02/17/2022
Dead
Signed/Enacted/Adopted
03/01/2022
03/01/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO EDUCATIONAL RETIREMENT; ALLOWING CERTAIN RETIREES TO RETURN TO WORK WITHOUT A SUSPENSION OF RETIREMENT BENEFITS.
AI Summary
This bill amends the existing law to allow certain retired educational employees in New Mexico to return to work without suspending their retirement benefits. Specifically, the bill provides that retired members who retired on or before January 1, 2001, as well as those who have not worked for a local administrative unit for at least 90 days after retirement and do not exceed a $15,000 annual salary, can return to work without losing their retirement benefits. The bill also defines key terms like "rendered service" and "local administrative unit" to clarify the scope of the exemptions. Overall, the bill aims to provide more flexibility for experienced educators to return to the workforce without sacrificing their retirement income.
Committee Categories
Education
Sponsors (4)
Last Action
Signed by Governor - Chapter 20 - Mar. 1 (on 03/01/2022)
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/Legislation/Legislation?chamber=H&legtype=B&legno=73&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/HB0073.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0073.pdf |
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