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
NM House of Representatives Passes ERB Solvency Bill
February 27, 2013
Categories:
Government Relations