summary
Introduced
01/17/2023
01/17/2023
In Committee
03/03/2023
03/03/2023
Crossed Over
02/17/2023
02/17/2023
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Public Safety Officer Pensions
AI Summary
This bill aims to amend the existing law regarding the State Police Member, Correctional Officer Member, and Probation and Parole Officer Member Coverage Plan 1 in New Mexico. The key provision is that it increases the maximum amount of pension from 90% to 100% of the final average salary. The bill also specifies that the changes apply only to credited service performed after the effective date of the act, and any prior credited service or pension amounts will not be adjusted to conform to the new provisions.
Committee Categories
Health and Social Services, Military Affairs and Security
Sponsors (2)
Last Action
HLVMC: Reported by committee with Do Pass recommendation (on 03/03/2023)
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=S&legtype=B&legno=96&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0096.pdf |
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