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HB 242·NM·house

COST-OF-LIVING ADJUSTMENT FOR RETIREES

FailedFiled Jan 29, 2026
Sponsor: Martinez, Alan T.
Latest Action

Action Postponed Indefinitely (session adjourned sine die)

Feb 19, 2026

Summary

The bill amends the state retirement code to give qualified retirees a 1.68% cost‑of‑living increase each July 1 for fiscal years 2027 and 2028. It applies to normal retired members who are at least 65 years old and meet service or retirement‑time criteria. The increase is financed by a $10 million appropriation that does not revert to the general fund if unspent.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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