0001| HOUSE BILL 945
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| BEN LUJAN
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0006|
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0007|
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0008|
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0009|
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0010| AN ACT
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0011| RELATING TO PUBLIC EMPLOYEES; PROVIDING FOR PURCHASE OF SERVICE
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0012| CREDIT FOR RETIREMENT PURPOSES BY CERTAIN PUBLIC EMPLOYEES FOR
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0013| CERTAIN PRIOR EMPLOYMENT WITH THE UNITED STATES DEPARTMENT OF
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0014| ENERGY.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. Section 10-11-141 NMSA 1978 (being Laws 1993,
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0018| Chapter 29, Section 1, as amended) is amended to read:
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0019| "10-11-141. PURCHASE OF SERVICE CREDIT.--An affiliated
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0020| public employer that assumes a firefighting function previously
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0021| provided by the United States government may, at the time of
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0022| the assumption of the firefighting function, provide credited
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0023| service for retirement board purposes to any employees who were
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0024| previously employed by a firefighting unit of the United States
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0025| government in connection with the assumed firefighting function
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0001| or were previously employed as guards or couriers in a
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0002| protective force of the United States government. The
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0003| credited service may be provided by the affiliated public
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0004| employer subject to the following conditions:
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0005| A. the employee shall pay to the [public
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employees'] retirement board the difference between the
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0007| actuarial present value of association benefits likely to be
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0008| paid the employee computed with and without the United States
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0009| government service;
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0010| B. the employee, within one year of the assumption
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0011| of the governmental function, irrevocably forfeits all rights
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0012| based upon employee contributions in and to the immediate
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0013| vested or nonvested retirement benefits under the retirement
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0014| program of the United States government in which the employee
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0015| was participating immediately prior to the assumption of the
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0016| governmental function; and
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0017| C. the payments made under Subsections A and B of
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0018| this section shall be made in a lump sum or by entering into an
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0019| installment contract for up to thirty-six months with the
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0020| retirement board at the regular interest rates and under the
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0021| standard conditions set for such installment contracts by that
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0022| board. The employee may purchase service credit equivalent to
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0023| the employee's service in a firefighting unit of the United
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0024| States department of energy or as a guard or courier in a
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0025| protective force of the United States department of energy.
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0001| The employee shall make a written election concerning payment
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0002| not later than December 1, [1996] 1997, and any election
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0003| made thereafter shall be void."
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0004| State of New Mexico
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0005| House of Representatives
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0006|
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0007| FORTY-THIRD LEGISLATURE
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0008| FIRST SESSION, 1997
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0009|
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0010|
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0011| March 4, 1997
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0012|
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0013|
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0014| Mr. Speaker:
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0015|
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0016| Your LABOR AND HUMAN RESOURCES COMMITTEE, to
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0017| whom has been referred
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0018|
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0019| HOUSE BILL 945
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0020|
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0021| has had it under consideration and reports same with
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0022| recommendation that it DO PASS, and thence referred to the
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0023| APPROPRIATIONS AND FINANCE COMMITTEE.
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0024|
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0025| Respectfully submitted,
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0001|
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0002|
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0003|
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0004|
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0005|
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0006| Rick Miera, Chairman
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0007|
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0008|
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0009| Adopted Not Adopted
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0010|
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0011| (Chief Clerk) (Chief Clerk)
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0012|
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0013| Date
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0014|
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0015| The roll call vote was 4 For 2 Against
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0016| Yes: 4
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0017| No: Macko, Roberts
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0018| Excused: Foy, Marquardt
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0019| Absent: None
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0020|
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0021|
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0022| G:\BILLTEXT\BILLW_97\H0945 State of New Mexico
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0023| House of Representatives
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0024|
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0025| FORTY-THIRD LEGISLATURE
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0001| FIRST SESSION, 1997
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0002|
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0003|
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0004| March 8, 1997
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0005|
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0006|
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0007| Mr. Speaker:
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0008|
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0009| Your APPROPRIATIONS AND FINANCE COMMITTEE, to
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0010| whom has been referred
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0011|
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0012| HOUSE BILL 945
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0013|
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0014| has had it under consideration and reports same with
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0015| recommendation that it DO PASS.
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0016|
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0017| Respectfully submitted,
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0018|
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0019|
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0020|
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0021|
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0022|
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0023| Max Coll, Chairman
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0024|
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0025|
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0001| Adopted Not Adopted
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0002|
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0003| (Chief Clerk) (Chief Clerk)
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0004|
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0005| Date
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0006|
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0007| The roll call vote was 6 For 4 Against
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0008| Yes: 6
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0009| No: Heaton, Marquardt, Pearce, Townsend
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0010| Excused: Abeyta, Bird, Buffett, Garcia, M.H., Salazar, Taylor,
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0011| J.P. Varela
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0012| Absent: None
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0013|
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0014|
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0015| G:\BILLTEXT\BILLW_97\H0945 FORTY-THIRD LEGISLATURE
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0016| FIRST SESSION
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0017|
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0018|
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0019| March 10, 1997
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0020|
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0021|
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0022| HOUSE FLOOR AMENDMENT number ___1___ to HOUSE BILL 945
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0023|
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0024| Amendment sponsored by Representative Ben Lujan
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0025|
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0001|
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0002| 1. On page 2, line 2, strike "government" and insert in lieu
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0003| thereof "department of energy".
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0004|
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0005| 2. On page 3, between lines 2 and 3, insert the following new
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0006| section:
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0007|
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0008| "Section 2. EFFECTIVE DATE--CONTINGENCY--INTERNAL REVENUE SERVICE
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0009| RULING.--On or before April 30, 1997, the public employees retirement
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0010| association shall seek a ruling from the internal revenue service that
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0011| this 1997 act does not jeopardize the qualified status of the public
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0012| employees retirement plan. The provisions of this act shall become
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0013| effective on the date that the association receives a favorable ruling.
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0014| If the association receives an unfavorable ruling, the provisions of
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0015| this 1997 act are null and void.".
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0016|
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0017|
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0018|
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0019| ___________________________
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0020|
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0021|
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0022|
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0023|
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0024| Adopted ___________________ Not Adopted ___________________________
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0025| (Chief Clerk) (Chief Clerk)
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0001|
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0002|
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0003| Date ________________
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0004|
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0005| FORTY-THIRD LEGISLATURE
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0006| FIRST SESSION, 1997
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0007|
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0008|
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0009| March 18, 1997
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0010|
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0011| Mr. President:
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0012|
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0013| Your PUBLIC AFFAIRS COMMITTEE, to whom has been referred
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0014|
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0015| HOUSE BILL 945, as amended
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0016|
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0017| has had it under consideration and reports same with recommendation
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0018| that it DO PASS.
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0019|
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0020| Respectfully submitted,
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0021|
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0022|
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0023|
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0024| __________________________________
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0025| Shannon Robinson, Chairman
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0001|
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0002|
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0003|
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0004| Adopted_______________________ Not Adopted_______________________
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0005| (Chief Clerk) (Chief Clerk)
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0006|
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0007|
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0008| Date ________________________
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0009|
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0010|
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0011| The roll call vote was 5 For 0 Against
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0012| Yes: 5
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0013| No: 0
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0014| Excused: Adair, Boitano, Ingle, Vernon
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0015| Absent: None
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0016|
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0017|
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0018|
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0019|
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0020| H0945PA1
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