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, contingent upon a majority vote in favor of adopting the coverage plan during an election conducted by the retirement board.

Additionally, the bill outlines the process for the election regarding the adoption of the State Public Safety Member Coverage Plan 1 for state law enforcement instructor members, which must be conducted by June 30, 2025. The amendments also clarify the definitions and eligibility criteria for various member categories within the retirement system, ensuring that the new category aligns with existing provisions while expanding benefits to include state law enforcement instructors.

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