This bill amends the Public Employees Retirement Act to create a new category of membership known as "state law enforcement instructor member," which includes individuals employed by the New Mexico law enforcement academy who provide training under the Law Enforcement Training Act. The bill also incorporates state law enforcement instructor members into the State Public Safety Member Coverage Plan 1, which previously included state police members, adult correctional officers, adult probation and parole officers, juvenile probation and parole officers, and state fire members. The bill specifies that the credited service for state law enforcement instructor members will be increased by twenty percent for service accrued after July 1, 2025.

Additionally, the bill mandates that an election be held by the retirement board on or before June 30, 2025, to allow state law enforcement instructor members to vote on the adoption of the State Public Safety Member Coverage Plan 1. This election process is designed to ensure that a majority of the members have the opportunity to approve the new coverage plan, thereby formalizing their inclusion in the retirement benefits structure.

Statutes affected:
introduced version: 10-11-2, 10-11-27