New Mexico legislation · 2026 Regular Session
New Mexico SB52: PERA COST-OF-LIVING ADJUSTMENTS
Status: In committee, January 21, 2026
What the bill says
An act relating to public employee retirement; repealing and reenacting a section of the public employees retirement act relating to cost-of-living adjustment provisions for qualified pension recipients; providing cost-of-living adjustments that are equal to social security and supplemental security income cost-of-living adjustments; making an appropriation.
From the introduced text, January 21, 2026:
AN ACT RELATING TO PUBLIC EMPLOYEE RETIREMENT; REPEALING AND REENACTING A SECTION OF THE PUBLIC EMPLOYEES RETIREMENT ACT RELATING TO COST-OF-LIVING ADJUSTMENT PROVISIONS FOR QUALIFIED PENSION RECIPIENTS; PROVIDING COST-OF-LIVING ADJUSTMENTS THAT ARE EQUAL TO SOCIAL SECURITY AND SUPPLEMENTAL SECURITY INCOME COST-OF-LIVING ADJUSTMENTS; MAKING AN APPROPRIATION. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 10-11-118 NMSA 1978 (being Laws 2020, Chapter 11, Section 61) is repealed and a new Section 10-11-118 NMSA 1978 is enacted to read: "10-11-118. [NEW MATERIAL] COST-OF-LIVING ADJUSTMENTS-- QUALIFIED PENSION RECIPIENT.-- A. As used in this section, "qualified pension recipient" means: .233057.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ (1) a normal retired member who has been retired for at least two full calendar years from the effective date of the member's latest retirement prior to July 1 of the year in which the pension is being adjusted; (2) a normal retired member who has attained the age of sixty-five years and has been retired for at least one full calendar year from the effective date of the member's latest retirement prior to July 1 of the year in which the pension is being adjusted; (3) a disability retired member who has been retired for at least one full calendar year from the effective date of the member's latest …
Sponsors
- Michael Padilla (D, SD-014) · primary sponsor
- Peter Wirth (D, SD-025)
- Micaelita Debbie O'Malley (D, SD-013)
- Elizabeth "Liz" Stefanics (D, SD-039)
- Pete Campos (D, SD-008)
Latest actions
- : Sent to SCC - Referrals: SCC/SHPAC/SFC
- : Action Postponed Indefinitely
Subjects: OFFICERS & EMPLOYEES, PUBLIC, FINANCE, PUBLIC
Common questions
- What is SB52?
- SB52 is a bill in the New Mexico Legislature (2026 Regular Session): PERA COST-OF-LIVING ADJUSTMENTS.
- What does SB52 do?
- In its own words: An act relating to public employee retirement; repealing and reenacting a section of the public employees retirement act relating to cost-of-living adjustment provisions for qualified pension recipients; providing cost-of-living adjustments that are equal to social security and supplemental security income cost-of-living adjustments; making an appropriation.
- What is the status of SB52?
- In committee as of January 21, 2026. Latest action: Sent to SCC - Referrals: SCC/SHPAC/SFC (January 21, 2026).
- Who sponsored SB52?
- Michael Padilla (D, SD-014), with 4 co-sponsors.
- Where is the official record for SB52?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=52&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.