Bill > SB292

This bill amends the Public Employees Retirement Act to allow protective service workers who have retired to return to work under specific conditions. The bill adds "protective service worker" to the list of specific job categories that can be reemployed after retirement, such as correctional officers, firefighters, and police officers. Key provisions include: retirees must have been retired before December 31, 2023, and cannot have worked for their previous employer for at least 90 consecutive days before returning; their pension will continue to be paid during reemployment, but they cannot accrue additional service credit; both the reemployed worker and the employer must continue to make retirement contributions; the reemployment is limited to 36 consecutive months of pension payments; and the worker cannot be hired into a position with a vacancy rate lower than 10%. The bill specifically defines a "protective service worker" as an employee of the protective services division of the Children, Youth and Families Department. The legislation aims to provide flexibility for critical public service workers to return to work while maintaining their retirement benefits, with the provision set to expire on July 1, 2027.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=292&year=25