New Mexico House Bill 41 authorizes temporary 2% additional pension payments for retirees and appropriates $70 million

Original title: TEMPORARY PERA MEMBER PAYMENT

Last action · January 26, 2026: HGEIC: Reported by committee with Do Pass recommendationSponsors: John Block and 9 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Proposed

New Mexico House Bill 41 provides retired public employees with an annual, non-compounding, additional 2% pension payment during fiscal years 2027 and 2028, funded by a $70 million general fund to the public employees retirement association.

Why it matters

Retired public employees receive supplemental pension payments for two fiscal years, backed by a $70 million state general fund allocation that remains available in subsequent years without reverting.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Qualified pension recipients

Eligible retired members and survivor beneficiaries receive an annual, non-compounding, additional 2% pension payment during fiscal years 2027 and 2028.

Directly affected

Public employees retirement association

The association receives a $70 million appropriation to cover the cost of the temporary payments and manages certifications.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who is eligible for the temporary additional pension payment?

Qualified pension recipients who meet retirement duration requirements under the Public Employees Retirement Act are eligible.

How much is appropriated for these temporary payments?

Seventy million dollars ($70,000,000) is appropriated from the general fund to the public employees retirement association.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

2 actions

Jan 26, 2026House
HGEIC: Reported by committee with Do Pass recommendation
Jan 21, 2026HouseCommittee
Sent to HGEIC - Referrals: HGEIC/HAFC

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →