MENU

Court hears case over educator pension cuts

September 4, 2013 • State News

SANTA FE (AP) — New Mexico’s highest court will issue a decision later in a potentially far-reaching legal challenge over whether the state can cut cost-of-living increases for retired government workers to shore up a pension system’s long-term finances.

The state Supreme Court heard from lawyers Wednesday in a case brought by four retired educators, who contend the state Constitution protects their pensions from reductions such as those required under a law enacted this year. There’s no deadline for a ruling by the five justices.

The outcome of the case could end up affecting the benefits paid to nearly 70,000 current retirees in New Mexico’s two main retirement plans — one for educators and another for state and local government workers.

“It’s very important. It Login to read more

Related Posts

Comments are closed.

« »