Bill > HB254

This bill modifies the rules for retired educational employees returning to work in New Mexico by changing the maximum time period a retiree can return to employment without suspending their retirement benefits. Specifically, the bill extends the maximum consecutive or nonconsecutive employment period from thirty-six months to eighty-four months (seven years). The bill maintains existing provisions that require retirees to meet certain conditions before returning to work, such as not rendering service to a local administrative unit for at least ninety days after retirement and earning less than $15,000 per year. "Rendered service" is broadly defined to include full or part-time employment, substitute teaching, volunteer work that could be paid, and work as an independent contractor. The bill applies to local administrative units, which includes entities controlled by or organized under local administrative units. These changes are set to take effect until January 1, 2024, providing retired educational employees more flexibility in returning to work while maintaining their retirement benefits under specific circumstances.

Military Affairs and Security

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=254&year=25