PUBLIC SAFETY SERVICE CREDIT CHANGES

SB 454 modifies retirement credit requirements for New Mexico public safety employees. It increases credited service by 20% for qualifying state police, correctional officers, probation officers, and fire members who were employed or retired by June 30, 2013, to help them meet retirement eligibility. The bill adjusts age and service requirements for municipal police retirement plans (Plans 1-4) to align with these changes. Effective dates vary: probation officers saw adjustments starting July 1, 2021, while fire members' changes apply from July 1, 2024. The bill is pending before the Senate committees after being postponed indefinitely in June 2025.