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Bill > SB476


NM SB476

NM SB476
First Responder Retiree Health Premiums


summary

Introduced
02/20/2025
In Committee
Crossed Over
Passed
Dead
03/22/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT RELATING TO RETIREE HEALTH CARE; EXEMPTING FIRST RESPONDERS FROM THE REQUIREMENT TO PAY PREMIUMS OR FEES TO PARTICIPATE IN THE RETIREE HEALTH CARE ACT; MAKING AN APPROPRIATION.

AI Summary

This bill modifies the Retiree Health Care Act to provide a significant benefit for first responders by exempting those with at least 20 years of service from paying any premiums or fees to participate in the healthcare program. The bill specifically defines "first responders" as certified or licensed law enforcement officers, firefighters (including volunteers), and emergency medical technicians. Currently, eligible retirees must pay monthly premiums up to $50 plus potential annual increases, along with a participation fee. Under the new provision, first responders meeting the 20-year service requirement will be completely exempt from these costs. To support this change, the bill includes an appropriation of $7.5 million from the general fund in fiscal year 2026 to cover the associated costs of this premium exemption. The bill maintains that the overall financial viability of the program remains the responsibility of participating employers, active employees, and retirees, and is not an additional financial obligation of the state.

Committee Categories

Health and Social Services

Sponsors (2)

Last Action

Sent to SHPAC - Referrals: SHPAC/SFC (on 02/20/2025)

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