Nm Pera Cost Of Living

Searching for Nm Pera Cost Of Living information? On our website, we have collected a lot of different data on the cost of living. You will find links to both official statistics and people's impressions. Below are the most relevant links to Nm Pera Cost Of Living data.

Cost-of-Living Adjustment (COLA) on Your PERA Benefit

https://mnpera.org/retirees/cola/

A valuable feature of your PERA benefit is that it increases annually to help offset inflation. Cost-of-living adjustments (COLA) are effective Jan. 1 of each year for eligible benefit recipients. Annual retiree postretirement increases for General and Correctional members are tied to the same Consumer Price Index used by the Social Security ...

For Members - NMPERA

https://www.nmpera.org/for-members

Your benefit will also increase if you are eligible for a Cost-of-Living Adjustment (COLA). PERA administers two tiers of benefits: TIER 1 – you are in tier 1 if you are hired for the first time on or before June 30, 2013; had member contributions on account as of …

Public Employees Retirement Association of New Mexico (PERA)

https://www.nmpera.org/

Jul 31, 2020 · Santa Fe Office. 33 Plaza La Prensa Santa Fe, NM 87507. Phone: (505) 476-9300 Fax: (505) 954-0370

Big raises at PERA, nothing for public retirees

https://www.abqreport.com/single-post/2019/01/03/Big-raises-at-PERA-nothing-for-public-retirees

Jan 03, 2019 · A New Mexico public employee retirement plan that is facing long-term insolvency and that says it can't give retirees a 2 percent cost-of-living increase gave 30 of its employees salary increases ranging from 6 to 59 percent last year. Here are the PERA employees who got raises in 2018.

Breaking: PERA Board Adopts Solvency Fix » Albuquerque Journal

https://www.abqjournal.com/114533/breaking-pera-board-adopts-solvency-fix.html

Along with slightly higher employer, or government contributions, the plan would trim the annual cost-of-living increase most PERA retirees receive two years after retirement starting in July 2013 ...

Long-term fixes for PERA could be tough sell The NM ...

https://nmpoliticalreport.com/2020/01/23/long-term-fixes-for-pera-could-be-tough-sell/

Jan 23, 2020 · Under PERA’s current assumption of 7.25 percent investment returns, he said, the average cost-of-living adjustment would be between 1.61 percent and 1.65 percent. That is lower than the current 2 percent, but Propst says the reduction would be necessary.

PERA changes unfair to retirees » Albuquerque Journal

https://www.abqjournal.com/1195952/pera-changes-unfair-to-retirees.html

New Mexico’s PERA retirees have already experienced unexpected changes to our retirement benefits when the annual cost-of-living adjustment was reduced from 3 percent to 2 percent.

PERA reform bill clears House The NM Political Report

https://nmpoliticalreport.com/2020/02/18/pera-reform-bill-clears-house/

Feb 18, 2020 · Senate Bill 72 calls for a rise in contributions and a temporary suspension of cost-of-living increases for some retirees in an effort to ensure PERA can continue pension payouts well into the future, supporters say. It also calls for reduced cost-of-living increases in …

Public Employees Retirement Association (PERA) of New Mexico

https://www.spo.state.nm.us/uploads/files/Career%20Services/PERA%20Overview%20Handout.pdf

PERA has over 30 coverage plans, a cost-of-living adjustment, and a disability retirement plan. PERA is governed by a 12-member Board of Trustees. The PERA Board is comprised of state, municipal and county employees, retirees, the Secretary of State, and the State Treasurer. The PERA Board oversees the Trust Fund from which

2020 Postretirement Increases for PERA Members : PERA

https://mnpera.org/news/2020-postretirement-increases-for-pera-members/

Oct 15, 2019 · Monthly benefit payments to retired members of the General Employees Retirement Plan will increase by 1% in January. Police & Fire Plan retiree benefit payments will also increase by 1% while Correctional Plan retirees will receive a 1.6% increase.. January 2020 benefit payment detail of gross benefit, taxes and net payment will be available for viewing in MY PERA accounts on or after Tuesday ...