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Mon July 1, 2013
New Laws Take Effect In New Mexico
Two pension measures are among the new laws taking effect Monday in New Mexico.
The laws change separate retirement programs for state and local government workers and public school employees and college faculty. Most workers will have to pay more into their retirement plan and yearly cost-of-living adjustments for pension benefits will be trimmed. There will be new retirement eligibility standards and benefits for public employees and educators hired starting in July.
Another new law taking effect Monday strengthens sex-offender registration requirements for those with out-of-state convictions who move to New Mexico.
Copyright 2013 The Associated Press.