OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

HB 644 - Raises Retirement Age - New Mexico Key Vote

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Title: Raises Retirement Age

Vote Smart's Synopsis:

Vote to pass a bill establishing new age and service requirements for retirement of certain public employees.

Highlights:

  • Establishes the following retirement age and service requirements for a public employee under state general plan 3 or municipal plan 1, 2, 3, and 4 who is retired or a member with 5 or more years of service credit as of July 1, 2011 (Secs. 1-5):
    • 65 years or older with 5 or more years of service credit;
    • 64 years old with 8 or more years of service credit;
    • 63 years old with 11 or more years of service credit;
    • 62 years old with 14 or more years of service credit;
    • 61 years old with 17 or more years of service credit;
    • 60 years old with 20 or more years of service credit; or
    • any age with 25 or more years of service credit.
  • Establishes the following retirement age and service requirements for a public employee under state general plan 3 or municipal plan 1, 2, 3, and 4 who is not a retired member or a member with 5 or more years of service credit as of July 1, 2011 (Secs. 1-5):
    • 67 years or older with 5 or more years of service credit; or
    • 55 years or older if the sum of the member's age and years of service credit equal 80.

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

Full Bill Text

See How Your Politicians Voted

Title: Raises Retirement Age

Vote Smart's Synopsis:

Vote to pass a bill establishing new age and service requirements for retirement of certain public employees.

Highlights:

  • Establishes the following retirement age and service requirements for a public employee under state general plan 3 or municipal plan 1, 2, 3, and 4 who is retired or a member with 5 or more years of service credit as of July 1, 2011 (Secs. 1-5):
    • 65 years or older with 5 or more years of service credit;
    • 64 years old with 8 or more years of service credit;
    • 63 years old with 11 or more years of service credit;
    • 62 years old with 14 or more years of service credit;
    • 61 years old with 17 or more years of service credit;
    • 60 years old with 20 or more years of service credit; or
    • any age with 25 or more years of service credit.
  • Establishes the following retirement age and service requirements for a public employee under state general plan 3 or municipal plan 1, 2, 3, and 4 who is not a retired member or a member with 5 or more years of service credit as of July 1, 2011 (Secs. 1-5):
    • 67 years or older with 5 or more years of service credit; or
    • 55 years or older if the sum of the member's age and years of service credit equal 80.

Full Bill Text

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