FailedFiled Jan 6, 2026
Sponsor: Borrego, Cynthia
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill creates a one‑time, non‑compounding payment equal to 2% of a retiree’s annual annuity for the fiscal years 2027 and 2028. It applies to members receiving benefits under New Mexico’s Educational Retirement Act. The extra payment is meant to give a short‑term income boost to those retirees.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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