{"id":15579,"date":"2020-02-14T14:52:59","date_gmt":"2020-02-14T21:52:59","guid":{"rendered":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/?p=15579"},"modified":"2020-10-03T10:45:43","modified_gmt":"2020-10-03T17:45:43","slug":"your-nm-government-reforming-the-states-public-employment-pension-program","status":"publish","type":"post","link":"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/your-nm-government-reforming-the-states-public-employment-pension-program\/","title":{"rendered":"Your NM Government: Reforming the State\u2019s Public Employment Pension Program"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Your NM Government: Reforming the State\u2019s Public Employment Pension Program\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/O2BTJuONlVk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>February 14, 2020 \u2013 New Mexico\u2019s public pension fund is $7 billion in the hole. If lawmakers do nothing it won\u2019t be able to pay out all the money it has promised. This legislative session Gov. Michelle Lujan-Grisham and state lawmakers have prioritized shoring up the Public Employees Retirement Association. One proposal would put PERA on a path to solvency within two decades by increasing contributions and changing the way retirees\u2019 cost-of-living increases are calculated.&nbsp;<\/p>\n\n\n\n<p>This week at the Roundhouse Gwyneth Doland talks to lawmakers about public pensions\u2014and a new plan to create a voluntary retirement system for the self-employed and people who work at small businesses and nonprofits. \u00a0<\/p>\n\n\n\n<p><strong>Guests:<\/strong><br>Rep. Phelps Anderson, R-Roswell<br>Rep. Christine Chandler, D-Los Alamos<br>Bill McCamley, Secretary of Workforce Solutions&nbsp;<\/p>\n\n\n\n<p><strong>For Further Reading\/Listening:\u00a0<\/strong><br><a href=\"https:\/\/www.kob.com\/new-mexico-news\/new-mexico-public-pension-reform-passes-in-senate\/5642773\/\">New Mexico public pension reform passes in Senate<\/a> \u2014 <em>The Associated Press\u00a0<\/em><br><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/your-nm-gov\/id1495873325\">Podcast: Your NM Gov: Ep. 18 with Gwyneth Doland<\/a> \u2014 KUNM\u00a0<br><a href=\"https:\/\/nmpoliticalreport.com\/2020\/02\/11\/pera-solvency-bill-advances-from-key-committee-after-emotional-hearing\/\">PERA solvency bill advances from key committee after emotional hearing<\/a> \u2014 <em>Santa Fe New Mexican<\/em><br><a href=\"https:\/\/www.abqjournal.com\/1399033\/fair-pera-fixes-will-attract-keep-workers.html\">Op-Ed: Fair PERA fixes will attract, keep workers<\/a> \u2014 <em>Albuquerque Journal <\/em><br><a href=\"https:\/\/www.abqjournal.com\/1408752\/task-force-wants-to-break-pensions-cola-promise.html\">Op-Ed: Task force wants to break pensions\u2019 COLA promise<\/a> \u2014 <em>Albuquerque Journal<\/em>\u00a0<\/p>\n\n\n\n<p><em>This segment is part of the &#8220;Your New Mexico Government&#8221; Project (#YourNMgov), a collaboration between New Mexico PBS, KUNM Radio, and the Santa Fe Reporter. This endeavor is funded by the New Mexico Local Journalism Fund with public media support provided by the Thornburg Foundation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 14, 2020 \u2013 New Mexico\u2019s public pension fund is $7 billion in the hole. If lawmakers do nothing it won\u2019t be able to pay out all the money it has promised. This legislative session Gov. Michelle Lujan-Grisham and state lawmakers have prioritized shoring up the Public Employees Retirement Association. One proposal would put PERA&hellip;<\/p>\n","protected":false},"author":14,"featured_media":15580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[573,5904],"tags":[4240,2718,4241,4242,4243,139,4237,4238,4182,4236,4239,3694,280,4229],"class_list":["post-15579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-segments","category-your-nm-government","tag-cola","tag-cost-of-living","tag-cost-of-living-adjustment","tag-employee-contributions","tag-employer-contributions","tag-new-mexico-legislature","tag-pension-fund","tag-pension-fund-solvency","tag-pera","tag-public-employees-retirement-association","tag-public-pension-reform","tag-public-pensions","tag-retirement","tag-your-nm-gov"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Your NM Government: Reforming the State\u2019s Public Employment Pension Program - New Mexico In Focus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newmexicopbs.org\/productions\/newmexicoinfocus\/your-nm-government-reforming-the-states-public-employment-pension-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your NM Government: Reforming the State\u2019s Public Employment Pension Program - New Mexico In Focus\" \/>\n<meta property=\"og:description\" content=\"February 14, 2020 \u2013 New Mexico\u2019s public pension fund is $7 billion in the hole. 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