New Mexico legislation · 2026 Regular Session
New Mexico HB43: DISABILITY & SURVIVOR PENSIONS CHANGES
Status: Signed into law, March 3, 2026
What the bill says
An act relating to public employee pensions; clarifying provisions relating to disability pensions and survivor pensions; allowing state fire members eligibility for certain service credit relating to workers' compensation leave; removing inconsistencies relating to survivor pensions; clarifying the amount of pension earned by certain public regulation commission commissioners; allowing the public employees retirement association to share certain information with the educational retirement board regarding certain reciprocity retirees; clarifying certain provisions relating to gifts…
From the enrolled text, March 4, 2026:
AN ACT RELATING TO PUBLIC EMPLOYEE PENSIONS; CLARIFYING PROVISIONS RELATING TO DISABILITY PENSIONS AND SURVIVOR PENSIONS; ALLOWING STATE FIRE MEMBERS ELIGIBILITY FOR CERTAIN SERVICE CREDIT RELATING TO WORKERS' COMPENSATION LEAVE; REMOVING INCONSISTENCIES RELATING TO SURVIVOR PENSIONS; CLARIFYING THE AMOUNT OF PENSION EARNED BY CERTAIN PUBLIC REGULATION COMMISSION COMMISSIONERS; ALLOWING THE PUBLIC EMPLOYEES RETIREMENT ASSOCIATION TO SHARE CERTAIN INFORMATION WITH THE EDUCATIONAL RETIREMENT BOARD REGARDING CERTAIN RECIPROCITY RETIREES; CLARIFYING CERTAIN PROVISIONS RELATING TO GIFTS; CLARIFYING THE REQUIREMENTS FOR A RETIRED MEMBER WHO FILES AN EXEMPTION FROM MEMBERSHIP UNDER THE MAGISTRATE RETIREMENT ACT; MAKING TECHNICAL CHANGES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 10-11-4 NMSA 1978 (being Laws 1987, Chapter 253, Section 4, as amended) is amended to read: "10-11-4. SERVICE CREDIT--REQUIREMENTS FOR-- FORFEITURE--REINSTATEMENT.-- A. Personal service rendered an affiliated public employer by a member shall be credited to the member's service credit account in accordance with retirement board rules and regulations. Service shall be credited to the nearest month. In no case shall any member be credited with HB Page a year of service for less than twelve months of service in any calendar year or more than a month of service for all service in any calendar month or more than a year of service for all service in any calendar year. …