All Roll Calls
Yes: 102 • No: 0
New MexicoHB 2512025 Regular SessionHouseWALLET
ED. RETIREMENT BENEFICIARY CHANGES
Sponsored By: William A. Hall II (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Retired educators gain beneficiary choices with fees
New Mexico educator retirees receiving Option B or C payments with a spouse beneficiary gain a one-time choice they cannot undo. They can name another beneficiary or remove the survivor-benefit reduction from future payments. Naming someone else costs $100, keeps the same payment form, and requires recalculating payments to preserve their expected lifetime value. If still married, the named spouse must give notarized written consent to give up beneficiary status. After divorce, retirees can choose unreduced Option A payments or another beneficiary, subject to the applicable court order.
Sponsors & Cosponsors
Sponsor
William A. Hall II
Republican • House
Cosponsors
Brian G. Baca
Republican • House
Catherine J. Cullen
Republican • House
Luis M. Terrazas
Republican • House
Tanya Mirabal Moya
Republican • House
Roll Call Votes
Senate vote • 3/20/2025
Final Senate Vote
Yes: 40 • No: 0
House vote • 3/5/2025
Final House Vote
Yes: 62 • No: 0
Actions Timeline
Signed by Governor - Chapter 38 - Apr. 7
4/7/2025SenatePassed in the Senate - Y:40 N:0
3/20/2025SenateSJC: Reported by committee with Do Pass recommendation
3/13/2025SenateSent to SJC - Referrals: SJC
3/5/2025SenatePassed in the House of Representatives - Y:62 N:0
3/5/2025HouseHEC: Reported by committee with Do Pass recommendation
2/27/2025HouseHLVMC: Reported by committee with Do Pass recommendation
2/12/2025HouseSent to HLVMC - Referrals: HLVMC/HEC
2/4/2025Senate
Bill Text
Final Version
4/8/2025
SJC Committee Report 3/13/25
3/13/2025
HEC Committee Report 2/27/25
2/27/2025
HLVMC Committee Report 2/12/25
2/12/2025
Introduced
2/4/2025