New Mexico Takes Steps to Reform Teacher Pensions, But More Is Needed

In April, New Mexico Gov. Michelle Lujan Grisham signed a bill that, among other things, grants the New Mexico Educational Retirement Board (NMERB) a permanent contribution boost and changes the benefit accrual formula for active employees. While commendable, these positive steps fall short of meaningfully addressing NMERB’s longer-term solvency concerns.
New

Read more at Reason.org