Your NM Government: Reforming the State’s Public Employment Pension Program
Автор: New Mexico In Focus, a Production of NMPBS
Загружено: 2020-02-14
Просмотров: 130
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February 14, 2020 – New Mexico’s public pension fund is $7 billion in the hole. If lawmakers do nothing it won’t be able to pay out all the money it has promised. This legislative session Gov. Michelle Lujan-Grisham and state lawmakers have prioritized shoring up the Public Employees Retirement Association. One proposal would put PERA on a path to solvency within two decades by increasing contributions and changing the way retirees’ cost-of-living increases are calculated.
This week at the Roundhouse Gwyneth Doland talks to lawmakers about public pensions—and a new plan to create a voluntary retirement system for the self-employed and people who work at small businesses and nonprofits. (This segment is part of our #YourNMGov project, in collaboration with KUNM radio and the Santa Fe Reporter, and funded by the Thornburg Foundation and New Mexico Local News Fund)
Episode 1333
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