Stewart: "Retirement is Just That"

Mimi Stewart

Capitol Report New Mexico - One of the more liberal members of the New Mexico legislature says she’s in favor or establishing a minimum age requirement and tying all cost of living adjustments to the Consumer Price Index in order to put the state’s two largest pension plans on firmer financial footing. Rep. Mimi Stewart (D-Albuquerque) told the House Education Committee on Monday (Jan. 24) that “retirement is just that — retirement, not a way to get out of work very early” and in order to shore up the finances of the Educational Retirement Board (ERB) and the Public Employees Retirement Association (PERA), she plans to introduce a bill that would establish a minimum retirement age of 55 and see that retirees in the PERA system have cost-of-living (COLA) adjustments that are more consistent with those of the ERB. Read full story here:

Stewart: "Retirement is Just That"