Bill > HB236

This bill amends the Public Employees Retirement Act to allow certain public safety employees, such as police officers, firefighters, and correctional officers, to return to work under certain conditions after retiring. Key provisions include: allowing these public safety retirees to return to work after 90 days of retirement, with their pension continuing to be paid during re-employment; requiring the retiree and employer to make contributions during the period of re-employment, but the retiree does not accrue additional service credit; limiting the length of re-employment to 36 consecutive months of pension payments; and requiring the employer to document and report on the re-employment. The bill sets an effective date of July 1, 2024.

Health and Social Services, Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=236&year=24