Summary:

 Senate Bill 133 increases the salary a retired member may earn without a suspension of the member’s retirement benefits when returning to work.
 

Legislation Overview:

 Senate Bill133 Section 1 amends Public Schools Return to Employment in Subsection H(3) to increase the salary a member may earn without a suspension of the member’s retirement benefits from $15,000 to $25,000 per year.
 

Current Law:

 Senate Bill 133 makes changes to Public Schools Section 22-11-25.1 NMSA 1978 (being Laws 2001, Chapter 283, Section 2, as amended), which currently limits the salary a member may earn without a suspension of the member’s retirement benefits to $15,000 per year. 

Amendments:

 Senate Bill 133 is amended by the Senate Education Committee to add to the title  and increase the amount of time an employee may return to work. INCREASING THE TIME ALLOWED FOR RETURNING TO WORK is added to the end of the title.
In SECTION 1 RETURN TO EMPLOYMENT--BENEFITS-- CONTRIBUTIONS in Subsection I(2) specifies that a retired member may return to work provided that the retired member returns to employment for a period of no more than thirty-six months. The SEC strikes thirty-six and inserts sixty.