Phone: 505-377-8150
LOCAL 244
Info on HB 106-Increase in Public Employee Pension Max
Posted On: May 24, 2023

Dear Union Brothers and Sisters,

During this year’s 2023 NM Legislative Session, Representatives Eliseo Lee Alcon, Patricia Roybal Caballero, William “Bill” R. Rehm, Harlan Vincent, Luis M. Terrazas and Alan T. Martinez sponsored House Bill 106: Increase in Public Employee Pension Max. House Bill 106 passed the House vote with overwhelming support and unanimously passed the Senate floor vote.

What does HB 106 mean for our members?

HB 106 increases the maximum amount of pension that a member is permitted to earn pursuant to PERA from 90% to 100% for both Municipal Fire Plan’s 1 & 2. This change does not go into effect until July 1, 2023. For members who are currently eligible to retire at 90% -please be aware that the ‘clock’ for accrued time to be counted towards 100% of your pension maximum will not start until July 1, 2023.

We would like to thank the Sponsors of HB 106 for bringing this bill forward and recognizing the fire service retention needs in NM. We look forward to working with our legislature in the future by continuing to advocate for NM firefighters and IAFF members.

Fraternally,

President Tittmann


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Albuquerque Area Fire Fighters
4100 Edith Ave NE
Albuquerque, NM 87107
  505-377-8150

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