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Bill > HB77


NM HB77

NM HB77
Investment Staff Pay Parity


summary

Introduced
01/18/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT RELATING TO STATE INVESTMENTS; REQUIRING PARITY OF PAY FOR CERTAIN INVESTMENT STAFF; PERMITTING AN EMPLOYER TO PROVIDE ALTERNATIVE QUALIFICATIONS FOR CERTAIN INVESTMENT STAFF.

AI Summary

This bill aims to establish parity of pay for certain investment staff positions across different state agencies, including the chief investment officer, deputy chief investment officer, and staff investment managers of the public employees retirement association, educational retirement board, state investment office, and state treasurer's office. The bill also allows employers to determine alternative qualifications for these positions beyond those set by the state personnel board. Additionally, the bill excludes these investment staff positions from the state's annual exempt salaries plan, which previously covered them.

Sponsors (1)

Last Action

Action Postponed Indefinitely (on 01/19/2022)

bill text


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