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committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports
if they are used for other purposes.
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F I S C A L I M P A C T R E P O R T
SPONSOR Neville
DATE TYPED 02/11/05 HB
SHORT TITLE Expand Retiree Health Eligibility
SB 296
ANALYST Geisler
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
See narrative
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Retiree Health Care Authority (RHCA)
SUMMARY
Synopsis of Bill
This bill would allow “former participating employer governing authority members” who have
served a participating employer for at least four years to participate in the RHCA program and
requires them to pay monthly premiums of one-twelfth of the annual cost of claims and admini-
stration allocated to the member by the board, plus the monthly participation fee set by the board,
as was enacted for legislators in the 2003 session.
Significant Issues
“Former participating employer governing authority members” are typically former members of
school boards, city councils, and county commissions.