Governor backs balanced pension reform proposal

Bill will incorporate retiree concerns into task force recommendations

SANTA FE – Gov. Michelle Lujan Grisham on Tuesday endorsed an essential and equitable public employee pension reform proposal that accommodates the concerns of current and future state of New Mexico retirees while establishing safeguards against the effects of future economic downturns. Key legislative leaders also voiced support for the proposal, which is scheduled to be heard Wednesday at the legislative Investments and Pensions Oversight Committee.

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