House approves HB628

By a vote of 43 to 26 , the House has just approved HB628, which requires state workers and public school teachers to contribute 3.25 percent more into their retirement plans. Under the legislation, those two groups would pay 1.5 percent more into their retirement plans for two years and 1.75 percent for one year.

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About triptothecapitol

Trip Jennings is a Capitol reporter at the Santa Fe New Mexican.
This entry was posted in 2011 New Mexico Legislature, Education, New Mexico State Budget, Public school teachers, State workers. Bookmark the permalink.

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