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 these members into the State Public Safety Member Coverage Plan 1, ensuring they receive the same benefits as other public safety members. Additionally, 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.

Furthermore, the bill outlines the process for adopting the State Public Safety Member Coverage Plan 1 for state law enforcement instructor members, which will take effect in the first full pay period after July 1, 2025, contingent upon a majority vote in favor of the plan during an election conducted by the retirement board. This election must be held by June 30, 2025, to allow state law enforcement instructor members to decide on their inclusion in the coverage plan.

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