Bill > SB2

This bill proposes several changes related to the judicial retirement system in New Mexico. It amends the definitions and applicability of the Public Employees Retirement Act, the Magistrate Retirement Act, and the Judicial Retirement Act. The key provisions include: allowing for appropriations to the judicial and magistrate retirement funds, increasing service credit multipliers for judges and magistrates, setting the salaries of Supreme Court justices equal to federal magistrate judges, removing salary formulas for magistrates, and making appropriations. The bill also specifies that existing magistrates covered under the prior law will continue to be covered under the Magistrate Retirement Act.

Budget and Finance, Justice

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=2&year=22