Bill > HB105

This bill amends the Public Employees Retirement Act to allow public retirees to return to work for affiliated public employers under certain conditions. The key provisions are: 1. Retirees must wait at least 90 days after retirement before returning to work, and their pension will continue to be paid during the period of subsequent employment. 2. Retirees will not accrue additional service credit or become members of the retirement system during the period of subsequent employment, but they and their employer must make the required contributions. 3. The subsequent employment must be in an entry-level position and must occur before July 1, 2027. 4. The bill also includes provisions regarding the calculation of pensions for members who have earned service credit under multiple coverage plans.

Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=105&year=22