summary
Introduced
01/20/2026
01/20/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
02/09/2026
02/09/2026
Passed
03/03/2026
03/03/2026
Dead
Signed/Enacted/Adopted
03/03/2026
03/03/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC EMPLOYEE PENSIONS; CLARIFYING PROVISIONS RELATING TO DISABILITY PENSIONS AND SURVIVOR PENSIONS; ALLOWING STATE FIRE MEMBERS ELIGIBILITY FOR CERTAIN SERVICE CREDIT RELATING TO WORKERS' COMPENSATION LEAVE; REMOVING INCONSISTENCIES RELATING TO SURVIVOR PENSIONS; CLARIFYING THE AMOUNT OF PENSION EARNED BY CERTAIN PUBLIC REGULATION COMMISSION COMMISSIONERS; ALLOWING THE PUBLIC EMPLOYEES RETIREMENT ASSOCIATION TO SHARE CERTAIN INFORMATION WITH THE EDUCATIONAL RETIREMENT BOARD REGARDING CERTAIN RECIPROCITY RETIREES; CLARIFYING CERTAIN PROVISIONS RELATING TO GIFTS; CLARIFYING THE REQUIREMENTS FOR A RETIRED MEMBER WHO FILES AN EXEMPTION FROM MEMBERSHIP UNDER THE MAGISTRATE RETIREMENT ACT; MAKING TECHNICAL CHANGES.
AI Summary
This bill makes several changes to public employee retirement laws, including clarifying provisions for disability and survivor pensions, allowing state fire members to receive service credit for workers' compensation leave, and removing inconsistencies in survivor pension calculations. It also clarifies the pension amounts for certain Public Regulation Commission commissioners, permits the Public Employees Retirement Association (PERA) to share information with the Educational Retirement Board for reciprocity retirees, and adjusts rules regarding gifts and exemptions from the Magistrate Retirement Act. The bill also includes technical changes to ensure consistency and clarity in the existing laws.
Committee Categories
Health and Social Services, Military Affairs and Security
Sponsors (5)
Last Action
Signed by Governor - Chapter 14 - Mar. 3 (on 03/03/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=43&year=26 |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/final/HB0043.pdf |
| SHPAC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0043PA1.pdf |
| HGEIC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0043GE1.pdf |
| HLVMC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0043LV1.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/HB0043.PDF |
| LESC Analysis | https://www.nmlegis.gov/Sessions/26%20Regular/LESCAnalysis/HB0043.PDF |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/house/HB0043.pdf |
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