NM House of Representatives Passes ERB Solvency Bill

The House has just passed the ERB sol­vency bill on a vote of 50 — 17.  There were no attempts to amend the leg­is­la­tion on the floor.  This is the bill that raises employee con­tri­bu­tions and sets a min­i­mum retire­ment age along with COLA eli­gi­bil­ity changes for new hires.

HB 64 now goes to the Sen­ate, where its com­pan­ion, SB 115, is still wait­ing to heard in Sen­ate Finance.

Susan McK­in­sey, Office of Gov­ern­ment and Com­mu­nity Relations