Bill > SB133

This bill modifies the rules for retired educational workers returning to work by increasing the salary threshold and time allowed for reemployment without suspending retirement benefits. Specifically, the bill allows retired members to return to work without suspending their retirement benefits if they earn less than $25,000 per year and have not worked for a local administrative unit for at least 90 days after retirement. The bill also permits retired members to return to work for up to 60 consecutive or nonconsecutive months without losing retirement benefits. The term "rendered service" is broadly defined to include full-time, part-time, and substitute work, as well as voluntary duties typically performed by paid employees or independent contractors. The bill applies to local administrative units, which includes any entity controlled by or incorporated under a local administrative unit, whether for-profit or nonprofit. These changes aim to provide more flexibility for retired educational workers who wish to continue working while maintaining their retirement benefits, with the provisions set to remain in effect until January 1, 2024.

Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=133&year=25