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.169565.1

HOUSE MEMORIAL 101

48

TH LEGISLATURE

- STATE OF NEW MEXICO -

FIRST SESSION

, 2007

INTRODUCED BY

Miguel P. Garcia

A MEMORIAL

REQUESTING THE PUBLIC EMPLOYEES RETIREMENT ASSOCIATION TO

PROVIDE THE INTERIM LEGISLATIVE INVESTMENTS AND PENSIONS

OVERSIGHT COMMITTEE WITH INFORMATION ON PARTICIPATION IN RETURN

TO EMPLOYMENT BY RETIREES.

WHEREAS, the option to return to employment while

continuing to receive a retirement pension was provided to

public employees retirement association retirees by the

legislature in 2003 by amendment of Section 10-11-8 NMSA 1978;

and

WHEREAS, in the intervening years, a number of retired

employees have taken advantage of this opportunity; and

WHEREAS, there are concerns that the return to employment

by retirees has hampered the upward mobility of other qualified

employees and has created morale problems in public employees;

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.169565.1

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and

WHEREAS, the overall fiscal impact on state and local

governments of the return to employment by retirees is unclear;

and

WHEREAS, to properly evaluate the return to employment

program, the legislature needs detailed information on

participation in the return to employment program but has been

unable to obtain this information;

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF

REPRESENTATIVES OF THE STATE OF NEW MEXICO that the public

employees retirement association be requested to assemble

detailed information on the number of retirees who have

returned to employment, the number of years of subsequent

employment of these retirees, the number of these retirees

subsequently employed by each department, agency and political

subdivision of the state and the amount of retirement pension

and salary these retirees have received during the subsequent

employment; and

BE IT FURTHER RESOLVED that the public employees

retirement association provide this detailed information, in

whatever aggregated form is necessary to protect the privacy of

the individual retirees, to the interim legislative investments

and pensions oversight committee, or other appropriate interim

legislative committee, prior to November 30, 2007; and

BE IT FURTHER RESOLVED that copies of this memorial be

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.169565.1

transmitted to the executive director of the public employees

retirement association and the co-chairs of the New Mexico

legislative council.

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