Legislation

2017 Proposed Legislation, New Mexico Educational Retirement Board

Technical and Clarifying Changes to Educational Retirement Act (SB 28)

Please follow the link to review the bill on the NM Legislature website.

NMERB is proposing legislation intended to provide technical and clarifying changes to the Educational Retirement Act. The proposed legislation deletes most references to “provisional members” from the Act. A statutory change in 1971, made the term “provisional member” meaningless for most employees. This bill will remove the references to “provisional members” that have become outdated.

The proposed legislation also changes the Act to conform to current NMERB practice in regards to applications for disability benefits. Instead of requiring disability benefit applicants to see a doctor hired by NMERB, a disability applicant would see their own personal medical provider then provide applicable medical records to NMERB which will make a decision of disability based on the records.

Finally, the proposed legislation eliminates or changes other miscellaneous outdated provisions in the Educational Retirement Act. For example, certain provisions govern retirees who returned to work between 1957 and 1963. These outdated provisions will be removed. For a more detailed look of the proposed changes, see the accompanying table of changes. This proposed legislation is Senate Bill 28 (SB 28) and is sponsored by Senator Gay Kernan.

Please follow the link to see the table of changes for the proposed legislation.

Employment and Salaries of NMERB Investment Staff (SB 29)

Please follow the link to review the bill on the NM Legislature website.

In the 2017 legislative session NMERB is proposing legislation intended to give the Executive Director of NMERB the authority to appoint and control the salaries of various positions in NMERB’s Investment Division. The positions affected by this proposed legislation are the Chief Investment Officer, investment analysts and investment division supervisors. If enacted, this bill would allow the Executive Director to set salaries for these positions within budget allowances and appropriation limits. Currently NMERB must follow the state’s classified salary scale under the State Personnel Act or the Governor’s exempt salaries plan for these positions.

The proposed legislation introduces language in the Educational Retirement Act at section 22-11-7 to grant the Executive Director the above-mentioned authority. It also amends the State Personnel Act to exclude these NMERB positions from the classified service and the governor exempt salaries plan. This proposed legislation is Senate Bill 29 (SB 29) and is sponsored by Senator Stuart Ingle.

 

NOTICE OF PROPOSED RULE CHANGES AND PUBLIC COMMENT PERIOD

 Public comment period from November 15, 2016 to January 20, 2017. Public comment is closed.

 A rulemaking hearing will be held during the Board’s February 17, 2017 board meeting in regards to the quorum and composition of NMERB’s Investment Committee. Written comments will be accepted until 5 p.m. January 20, 2017 and may be sent via e-mail to rule.change@state.nm.us. Oral comments will also be accepted at the February 17, 2017 Board meeting. The proposed changes to Rule 2.82.1 NMAC and Rule 2.82.8 NMAC are regarding the quorum and composition of NMERB’s Investment Committee. Please see the links below for the notice of rulemaking and the text of the proposed rules.

 Link: Amended NMERB Notice in the New Mexico Register

 Link: Proposed Rule changes (2.82.1.14 NMAC and 2.82.8.8 NMAC)

 During the August 26, 2016 NMERB Board meeting, the Board passed changes to NMERB Rule 2 (2.82.2.11(B) NMAC) clarifying the aggregation of a member’s full time equivalency (FTE) with multiple employers. The change was published in the New Mexico Register and became effective on September 30, 2016. [LINK: to 2.82.2 NMAC pdf--- attached]”

2013 LEGISLATION IMPACTING ERB

Governor Martinez has signed SB 115 - link to Governor's Press Release

SB 115, as passed

This ERB bill, as twice amended, takes a balanced approach to long-term sustainability: changes for current retirees; changes for current members; and changes for new members.  These changes will get ERB to 100.7% funded in 2043.

The bill, as amended:

Raises contribution rate for all employees with salary of over $20,000:               

- FY 2014 Employee Contribution Rate - 10.1%                

- FY 2015 Employee Contribution Rate - 10.7%

- Employees with annual salary below $20,000 stay at 7.9%

*The employee contribution increases do not apply to members earning $20,000 or less annually, the increases  only apply to members earning more than $20,000.

- FY 2014 Employer Contribution rate will be 13.15% for all members

- FY 2015 Employer Contribution rate will be 13.90% for all members

 

For new employees hired on or after July 1, 2013:               

- Soft Minimum Retirement Age of 55; actuarial reduction if member retires with 30 years and is younger than age 55.               

- COLA begins at age 67, rather than age 65

 

For current retirees:

Immediately reduces the COLA for all retirees until the plan is 100% funded.  The COLA reduction is based on the median retirement benefit (approximately $18,000 for Fiscal Year 2012) of all retirees excluding disability retirements.  

 

Retirees with benefits at or below the median AND with 25 or more years' service, will have a 10% COLA reduction; their average COLA will be 1.8%.  All other retirees will have a 20% COLA reduction; their average COLA will be 1.6%.

Click here for more detailed information on the COLA adjustment.

These reductions will stay in place until ERB is more than 90% funded.  Once the funding is greater than 90%, the COLA reductions will decrease.  The retirees with benefits at or below the median AND with 25 or more years' service, will have a 5% COLA reduction; their average COLA will be 1.9%.  All other retirees will have a 10% COLA reduction; their average COLA will be 1.8%.

Once ERB is 100% funded, the COLA reductions will cease and the average COLA for all ERB retirees will be 2%.  This bill is consistent with ERB’s funding policy to ensure ERB's long-term sustainability.

 

Click Senate Bill 115 to see the entire bill.

Plan Design Input Archive

 

2011 LEGISLATION IMPACTING ERB

2011 Legislative Summary << click to view

Below are the links to 2011 legislative proposals concerning ERB. If you have any questions or need any additional information please contact us at 505-827-8030.

HB129 - Returning Educational Retiree Payments, Rep. Luciano "Lucky" Varela (D48)

Status: Passed and Signed by Governor

Retirees in RTW program to pay member contributions; employer contributions reduced

HB628 - Contribution Rate Changes in Retirement Plans, Rep. Donald E. Bratton (R62)

Status: Passed and Signed by Governor

Extends the two-year 1.5 percent contribution shift implemented for FY10 and FY11 from the employer to the employee for those employees making more than $20,000 another two years (FY12 and FY13); Makes a one-year contribution shift of 1.75 percent from the employer rate to the employee rate for those making more than $20,000 for FY12; and Delays the two remaining 0.75 percent increases for ERB, currently scheduled for FY12 and FY13, to FY14 and FY15.

SB119 - Retirement Beneficiary Designation of Spouse, Sen. John Sapien (D9)

Status: Passed and Signed by Governor

Retirees remarrying after death of spouse may select new Option B or C beneficiary

SB269 - Educational Retirement Board Bank & Attorneys, Sen. John Sapien (D9)

Status: Passed and Signed by Governor

Allow ERB to contract custodial bank & legal services on contingency fee basis

SB329 - ERB Members to Appoint Designees, Sen. Cynthia Nava (D31)

Status: Passed and Signed by Governor

Ex Officio Board members can name a designee to represent them on the ERB board.

House Bills:

HB133 - Delay Educational Retirement Contributions, Rep. Mimi Stewart (D21)

Status: Did not pass

Delays scheduled increase in employer contributons

HB146 - Retirement Beneficiary Designation of Spouse, Rep. James Madalena (D65)

Status: Did not pass

Retirees remarrying after death of spouse may select new Option B or C beneficiary

HB147 - Availability of Agendas for Public Meetings, Rep. James E. Smith (D22)

Status: Did not pass

Agendas to be available at least 7 days prior to public meeting

HB251 - Amend Certain Retirement Acts, Rep. Mimi Stewart (D21)

Status: Did not pass

ERB members not eligible to retire before July 1, 2014 required to be 55+ & have 20+ years of earned service credit.

HB272 - Public Employee & Education Retirement Acts, Rep. Mimi Stewart (D21)

Status: Did not pass

ERB & PERA to provide actuarial & solvency-related reports to the Legislature.

Senate Bills:

SB107 - Uniform Per Diem & Mileage, Sen. Tim Eichenberg (D15)

Status: Did not pass

Eliminates $95/per diem for non-salaried public officers on boards & committees; no per diem & mileage within 35 miles of home.

SB247 - Forfeiture of Retirement for Certain Crimes, Sen. Sue Wilson Beffort (R19)

Status: Did not pass

PERA/ERB member/retiree convicted of misuse of public money related to employment to forfeit pension

SB248 - Change Public Retiree Contributions, Sen. Stuart Ingle (R27)

Status: Did not pass

Extend and increase employer to employee contrbutions shift

SB259 - Forfeiture of Public Official Benefits, Sen. William Payne (R20)

Status: Did not pass

Sentence enhancement & forfeiture of elected officials' pensions

SB265 - Educational Retirement Contributions, Sen. Vernon Asbill (R34)

Status: Did not pass

ERB Pension Redesign/Contribution Increase Bill

SB303 - Identical Benefits for Some Public Employees, Sen. Cynthia Nava (D31)

Status: Did not pass

Some ERB & PERA members/retirees would have same contribution rates, 4 yr Final Average Salary, 3% COLA. ERB & PREA to provide actuarial studies to determine benefit level for new employees.

SB355 - Certain PED Employees Not ERA Members, Sen. Howie Morales (D28)

Status: Did not pass

Provisional member covered by the ERA may exempt himself from coverage. Such person will not be entitled to benefits under other state retirement programs. Must be exercised within one year of employment.

2010 LEGISLATION IMPACTING ERB

Below is a summary of the 2010 legislative proposals concerning ERB. If you have any questions or need any additional information please contact us at 505-827-8030.

HB231 - Disclosure of Educational Pension Amounts, Rep. Jack E. Thomas (D60)

Status: Passed and Signed by the Governor.

Provides that the only information maintained by the Educational Retirement Board regarding a member or retired member which is open to public inspection is the name of the member, where the member was employed, dates of retirement and reported death, service credit, reported salary, amount of contributions and pension or disability amount. Other information may only be disclosed to the member, the member’s spouse or authorized representative, or persons specifically identified by them in a written consent form.

HB239- No Educational Retirement Benefit Adjustments, Rep. Rep. Rick Miera (D11)

Status: Passed and Signed by the Governor.

Ensures there will not be a decrease in our retirees’ monthly benefits. Previously Section 22-11-31 (B) of the New Mexico Educational Retirement Act required that decreases in the Consumer Price Index will cause retiree benefits to decrease. Since the Consumer Price Index showed a decrease from 2008 to 2009 the result would have been a -0.4% reduction in a retiree’s monthly benefit. HB239 changed the language to state “Annuities shall not be decreased in the event that there is a decrease in the Consumer Price Index between the next preceding calendar year and the preceding calendar year.” While it is unfortunate that our members will not be receiving a cost of living adjustment increase this year they will not suffer a decrease this year or in the future.

HB241 - Educational Retirement Info Disclosure, Rep. Jack E. Thomas (D60)

Status:Passed in HB231

Provides that the only information maintained by the Educational Retirement Board regarding a member or retired member which is open to public inspection is the name of the member, where the member was employed, dates of retirement and reported death, service credit, reported salary, amount of contributions and pension or disability amount. Other information may only be disclosed to the member, the member’s spouse or authorized representative, or persons specifically identified by them in a written consent form.

SB18 - Changes to State Investment Bodies, Sen. Timothy M. Keller (D17)

Status: Passed and Signed by the Governor.

Modifies the composition of the State Investment Council and amends the powers and duties of the State Investment Officer. Originally the bill included changes to the composition of the Public Employees Retirement Association (PERA) and the Educational Retirement Board (ERB); these agencies were removed from the bill.

SB91 - Delay Educational Retirement Contributions, Sen. John Arthur Smith (D35)

Status: Passed and Signed by the Governor.

Delays the 0.75 percent increase scheduled for FY11 in the employer contributions to the Educational Retirement Board (ERB) by one year. The employer contribution rate for FY11 will remain at 10.90% for employees making $20,000.00 or more and 12.40 percent for employees making less than $20,000.00.

SB164 - Salaries for Educators Returning To Work, Sen. Howie C. Morales (D28)

Status: Did not pass.

Limits the salaries of Educational Retirement Board (ERB) members who return to work (RTW) for local administrative units (LAU) without suspending their pension benefits.

SB246 - Public Employee Pension Contribution Increase, Sen. Stuart Ingle (R27)

Status: Did not pass.

Temporarily increases the public employee contribution to the state retirement funds for FY11 by 1 percent and reduces the employer contribution by the same amount.

SB260 - Alternate Early State Retirement Plans, Sen. Tim Eichenberg (D15)

Status: Did not pass.

Directs multiple state agencies to develop alternative early retirement plans for state employees and higher education participants and report those plans to the Legislative Finance Committee.

SUMMARY OF 2009 LEGISLATION IMPACTING ERB

SB572 - Higher Ed Portability (Alternative Retirement Plan), Sen. Mary Jane Garcia (D36)

STATUS: Passed and Signed; Duplicates HB 525, sponsored by Rep. Chasey (D18)

Present law provides that the state post-secondary educational institution employees who become members of alternative retirement plans may not change plans. Starting July 1, 2009, this bill would allow these employees, if they have made contributions to alternative plans for seven years or more, to have a one-time chance, for 120 days, to become members of the regular retirement plan. Allows for other changes to the alternative plan. Contains emergency clause.  The ERB will be drafting rules to implement this legislation and will be issuing requests for proposals for new retirement plans for the alternative retirement plan.

HB573 - Stricter Retirement Provisions for New Employees, Rep. John Heaton (D55)

STATUS: Passed and Signed by the Governor.

Amends the Public Employees Retirement Act and the Educational Retirement Act to establish stricter age and service credit retirement requirements for members employed after July 1, 2010 and covered by the acts. Amends the Retiree Health Care Act to increase employer and employee contributions to the Retiree Health Care Fund for members of enhanced retirement plans, and to require PERA and ERA members who purchase service credit or return to public employment after retirement to make contributions to the fund. Provides for ERA Military Services purchases. Extends the sunset date for the ERB return to work program to 2022 and clarifies requirements for participation in the program. Creates a retirement systems solvency task force of 25 members to study the actuarial soundness of the retirement plans and submit recommendations to the interim Investments and Pension Oversight Committee, the Legislative Finance Committee and the Governor no later than October 1, 2010.  HB 573, incorporates the provisions of HB 453 and SB 633 (Purchase of Military Service Credit), HB 721 and SB476 (ERB Retired Employees Return to Work), and HB 631 (Stricter Retirement Rules for new ERA members).

HB631 - Stricter Retirement Rules for New ERA Members, Rep. Rhonda King (D50)

STATUS: Passed in HB573

Adds a section to the Educational Retirement Act to provide that persons who become members on or after July 1, 2010 shall be eligible for retirement: (1) at any age with 30 years of service; (2) at age 67 with five or more years of service credit; or (3) when the sum of the member’s age and years of service credit equals at least 80. Retirement eligibility for persons who were members before July 1, 2010 remains at age 65 with five or more years of service credit, or at any time when the sum of the member’s age and service credit equals at least 75 or 25 years service regardless of age.

HB722 - Educational Retirement Information Confidentiality, Rep. Jack Thomas (D60)

STATUS: Passed and Signed by the Governor Action; Duplicates SB 490, Sen. Fischman (D37)

Provides that the only information maintained by the Educational Retirement Board regarding a member or retired member which is open to public inspection is the name of the member, where the member was employed, dates of retirement and reported death, service credit, reported salary and amount of contributions. Other information may only be disclosed to the member, the member’s spouse or authorized representative, or persons specifically identified by them in a written consent form.

SB399 - Educational Retirement Audits, Sen. Howie Morales (D28)

STATUS: Passed and Signed by the Governor; Duplicates HB 588, Rep. O’Neill (D15)

Authorizes the director of the Educational Retirement Board to audit local school districts and public post-secondary institutions ensure compliance with the Educational Retirement Act and Board rules.

HB453 - Purchase of Military Service Credit, Rep. Miguel Garcia (D14)

STATUS:Passed in HB573

Allows members with more than five years contributory service under the Educational Retirement Act to acquire up to five years additional service credit for prior service in the U. S. military or the commissioned corps of the Public Health Service by making full payment of the member’s average annual salary in the preceding five years multiplied by the sum of the current employer and member contribution rates. The member must make full payment for each year of service to be purchased within 60 days of being informed by ERA of the amount.

HB721 - ERA Retired Employees Return To Work, Rep. Jack Thomas (D60)

STATUS: Amended into HB573

Clarifies requirements for participation in the return to work program and extends the program’s sunset date to 2022.

SB476 - ERA Retired Employees Return To Work, Sen. Gay Kernan (R42)

STATUS:Amended into HB573

In order to continue retirement benefits after beginning employment at a local administrative unit, a retired member must not have rendered service to a local unit for at least 12 consecutive months after the date of retirement. Extends sunset to 2022.


SUMMARY OF 2008 LEGISLATION IMPACTING ERB

HOUSE BILLS:

HB616 - Luciano “Lucky” Varela (D) - Educational Retirement Contributions.

This bill will align the Alternative Retirement Plan (ARP) with Internal Revenue Code (IRC) 401(a) 17.

SENATE BILLS:

SB67 -  John Arthur Smith (D) - Retiree Health Care Fund & Members

This bill affects RHCA and may be of interest to ERB's membership.

SUMMARY OF 2007 LEGISLATION IMPACTING ERB

These bills have been introduced. No new bills may be introduced this legislative session. Please go to the legislative web site to see what action, if any, has been taken. Remember that bills do not become law until signed by the Governor.

Click on the blue letters and numbers to read the entire bill

HOUSE BILLS:

HB9 – Luciano “Lucky” Varela (D) – Public Employee Salary Increases

Provides appropriations for funding public officers, and employees, public school personnel and higher education faculty and employees with  a 4.25% increase in salary for public education employees and a .75% increase for the employer contribution to the ERB fund.

HB179 – Larry Larranaga (R) – Return to Work for Certain Retirees

For ERB retiree’s beginning the Return to Work program after 7-1-07 a maximum of $25,000 could be earned.

HB221 - Luciano “Lucky” Varela (D) – Payment Obligations of State Pension Systems

In a pension having benefits from both ERA and PERA each system would separately pay the retiree.

HB313 – John A. Heaton (D) – Certain Retirees Returning to Work

For Return to Work applicants between 7-1-07 and 7-1-09 the local administrative unit must adopt a resolution declaring that the employment of the retired member will fill a critical need of the local administrative unit. (same as SB 310)

HB 1091 – Mimi Stewart (D) – Increase the Retirement Benefit and Change the Calculation of the Average Annual Salary

Increases the multiplier from 2.35 to 2.4% for calendar year 2008, 2.45% for calendar year 2009, and 2.5% after 1-1-2010. Changes the final average salary from the high 5 to the highest consecutive 3 years effective as of 1-1-08.

SENATE BILLS:

SB184 – John Arthur Smith (D) – Return to Employment for Certain Retirees

The ERA Return to Work program would not be open to new applicants after June 30, 2008.

SB310 – Phil A. Griego (D) – Certain Retirees Returning to Work

For Return to Work applicants between 7-1-07 and 7-1-09 the local administrative unit must adopt a resolution declaring that the employment of the retired member will fill a critical need of the local administrative unit. (Same as HB313)

The Education Committee amended the bill on February 23 so that there is no reference to ERB’s Return to Work program.

SB1150 –Pete Campos (D) – Average 7% Salary Increase for teachers and education-related Staff

Provides for an average 7% salary increase for all teachers and education related staff throughout the state including public, public-postsecondary, teachers working in other departments, and public education transportation employees. The bill appropriates $197,213,458 from the general fund. The salary increase would increase the unfunded liability of ERB. 

SB1162 – Stuart Ingle (D) – Changing the Composition and Appointing Authority fo the Educational Retirement Board

Changes one member of the board from being elected by the New Mexico members of the American Association of University Professors to a chief financial officer of a four-year institution of higher education appointed by the governor.

The Senate Education committee passed as amended. The amendment changes the bill so that the position would be elected by the members of the Council of University Presidents for a 4 year term.

SJM6 – John Arthur Smith (D) – Benefit Enhancement Bill Moratorium

Requests that no bills be introduced to enhance pension benefits for the next two years.

 


SUMMARY OF 2006 LEGISLATION IMPACTING ERB

The following is a list of bills and memorials that concern The Educational Retirement Board. Also included is whether or not the bill or memorial was passed. You may click on the bill number in order to access the link to the bill on the NM Legislative Website.

HOUSE BILLS

HB 3 – Education Appropriation Act - Rick Miera

Identical to the appropriation for Public Education as described in the General Appropriation Act of 2006. Increases the state equalization guarantee from the 2005 act by $158,900,600 to $2,122,727,400. Defines the performance standards to be achieved through the 2006-2007 school year. Provides for an average four and one-half percent salary increase for all teachers and instructional staff, and a $45,000 minimum annual salary for level 3-A teachers. Increases employer contribution to the educational retirement fund by three-fourths percent.

HB 78 - State Employee Salary Increases - Luciano “Lucky” Varela

Provides $35,686,504 (GF) to DFA for salary increases to state employees.

HB 100 - Restrict Public Employees Returning to Work - Larry A. Larranaga

(For the State Permanent Fund Task Force and the Legislative Finance Committee) Provides that if a PERA member retires and is subsequently reemployed by an affiliated public employer on or after July 1, 2006, that person’s pension would be suspended the first month following the point at which his reemployment earnings exceed $15,000 for a calendar year. A retired member who returns to work before July 1, 2006, would be entitled to receive full retirement benefits as well as full pay for his new job.

HB 212 - State Retirement System Oversight Committee - John A. Heaton

Creates the State Investment and Retirement Systems Oversight Committee as a joint interim legislative committee. Consists of five voting members from each legislative house and five nonvoting members; one each from the State Investment Office, PERA, Secretary of Finance and Administration, State Treasurer’s office and the Educational Retirement Board. Mandates the new committee to create a plan for oversight of the retirement fund activities of the organizations represented by the five nonvoting members. Provides for the continuing analysis of the financial status of those funds and development of recommendations for improved investment practices to ensure the financial soundness of those funds. Requests that all future legislation affecting state investment practices, the permanent funds or the retirement funds be presented to the committee for review and analysis prior to the session in which that legislation will be introduced. Provides an appropriation of $150,000 to the Legislative Council Service for technical and legal assistance to the committee through the end of fiscal year 2007.

HB 222 - Expand Educational Retirement Board Members - Luciano “Lucky” Varela

(For the State Permanent Fund Task Force and the Legislative Finance Committee) Increases the size of the Educational Retirement Board to 10 members from seven members.

HB 446 - Forfeiture of Retirement Benefits for Crimes - Al Park

(HEM66) If it appears to a New Mexico prosecutor that a felony defendant is a current or retired state employee and that the charge is related to the defendant’s past or present employment, the prosecutor must initiate the forfeiture of a state system pension. The requirement also applies to a felony conviction in federal or another state court.

HB 461 - Public Employees Benefits Oversight Committee - Ben Lujan

(For the Public Employee Benefits Oversight Subcommittee) Creates the joint interim Committee for the Oversight of Public Employee Benefits, Programs and Funds to function until December 1, 2008. Make up would be three House members appointed by the speaker, and three from the Senate appointed by the Committees' Committee with party representation proportionate to the membership of the two bodies.

SENATE BILLS

SB 23 - Contributions to Investors of Public Funds - Stuart Ingle

Makes it unlawful for the governor, lieutenant governor, state treasurer, state auditor, secretary of state, attorney general, land commissioner, state legislator or a candidate for those offices to solicit or accept anything of value from an investment agent doing business with the state.

SB 130 - Expand Educational Retirement Board Members - John Arthur Smith

(For the State Permanent Fund Task Force and the Legislative Finance Committee) Increases board membership from seven to 10. All new members must possess at least 10 years of investment or public finance experience. One member will be appointed by the governor. A second member with be appointed by the University Presidents’ Council and the third member will be appointed by the New Mexico Coalition of School Administrators. All new members will serve four-year terms and any unexpired term will be filled with a selection by the original appointing authority.

SB 206 - Adjust Educational Retirement Eligibility - John Arthur Smith

(For the State Permanent Fund Task Force) Retirement benefits from the Educational Retirement Act are available to a person becoming a member prior to July 1, 2006, when the sum of the member’s age and years of earned service equals 75. For a person becoming a member on or after July 1, 2006, the sum of the member’s age and years of earned service equals 80. The same formulation applies to members who terminate employment prior to retirement but do not withdraw contributions that have been made.

SB 300 - Restrict Public Employees Returning to Work - John Arthur Smith

(For the State Permanent Fund Task Force and the Legislative Finance Committee) (Identical to HB100) Same as HB100. Provides that if a PERA member retires and is subsequently reemployed by an affiliated public employer on or after July 1, 2006 that person’s pension would be suspended the first month following the point at which his reemployment earnings exceed $15,000 for a calendar year. A retired member who returns to work before July 1, 2006 would be entitled to receive full retirement benefits as well as full pay for his new job.

SB 528 - Frontier Teacher Act - Leonard Tsosie

The act adds a new measure of student achievement by requiring a student-specific assessment of grade-level attainment in mathematics, English and literacy in the first and final months of a grade-level.

SB 541 - Increase Educational Retirement Contributions - Sue Wilson Beffort

Increases member contributions to the Educational Retirement Association Fund as follows: FY 2007, from 7.75 percent to 7.8 percent; FY 2008, from 7.825 percent to 8.2 percent; on or after July 1, 2008, from 7.9 percent to 8.6 percent.

Prior Legislation 2006

Link to NM Legislature web site