Minimum retirement age of 55 proposed for teachers

ALBUQUERQUE, N.M. (AP) — New Mexico's retirement program for teachers and college faculty proposes to improve its long-term finances by establishing a minimum retirement age of 55 for educators and limiting cost-of-living increases for retirees.

The Educational Retirement Board voted Monday to recommend the proposals to the Legislature, which has to change state law to implement any pension revisions.

The retirement program covers 97,000 current workers and retirees.

Most educators can retire with full benefits at any age after working at least 25 years, although that has increased to 30 years for those hired starting in July 2010. The proposed minimum retirement age would not apply to workers within 10 years of retirement.

The board proposed lowering cost-of-living adjustments for current and future retirees, providing 87.5 percent of what current law grants annually.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:	(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday