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State workers' union suggests NM pension changes

A union representing state workers proposed changes to a government pension program on Wednesday that could require some employees to stay in their jobs longer before retiring.

By Barry Massey | Updated on July 27, 2011

SANTA FE, N.M. (AP) — A union representing state workers proposed changes to a government pension program on Wednesday that could require some employees to stay in their jobs longer before retiring.

Carter Bundy of the American Federation of State, County and Municipal Employees offered a range of proposals to a legislative committee for shoring up the Public Employees Retirement Association pension plan. Among the options: changing the retirement age for future state workers, trimming cost-of-living payments for retirees and altering the average salary calculation that helps to determine a worker’s pension benefits.

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