The New Mexico Supreme Court will soon issue a decision aboutwhether the state can cut cost-of-living increases for retiredgovernment workers to better manage its pension liabilities.
Justices heard from both sides this week. The case was initiallybrought by four retired educators who insist the state constitutionprotects their pensions from these types of reductions.
Sara Berger, the lawyer for the retirees, said she doesn’tbelieve retirees should have to shoulder the burden of the state’sfinancial woes.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
