Keeping Promises: Pension Reform in New Mexico

While the Rio Grande Foundation will be working on a lot of issues in the 2020 Legislature that are at odds with Gov. Lujan Grisham and majority Democrats, one potential area for free market conservatives and Democrats to come to an agreement is on pension reform.

To her credit, Gov. Lujan Grisham has put PERA reform on the agenda during the 2020 session. SB 72 introduced by Sen. Munoz is the reform legislation, but our analysis of the legislation which was done by the experts at Reason Foundation can be found here. 

While the reforms are not perfect, they are far better than inaction. The Rio Grande Foundation has also produced an “explainer” video on the pension reform issue that can be found below: