Public Employee Retirements Soaring

According to the Albuquerque Journal the number of retiring New Mexico public-sector employees has jumped in the past two years. As of December, a total of 4,145 public-sector employees had retired across New Mexico in 2011, according to the state’s two public retirement systems, the Public Employees Retirement Association and the Educational Retirement Board.

Rising New Mexico retirement numbers are mirroring trends in a number of other states and experts believe there are many reasons for increased retirements including the possibility that many public employees think it is wise to get themselves grandfathered in on generous benefits. Also cited is the aging baby boomers in the workforce. Rising New Mexico retirement numbers are mirroring trends in a number of other states.

Public Employee Retirements Soaring