New Mexico 2026 Regular Session Status: In Committee 5 D cosponsors

SB 52 — PERA COST-OF-LIVING ADJUSTMENTS

Last action — action postponed indefinitely

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 21, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 24% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    5 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (5 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill repeals existing cost-of-living adjustment provisions for qualified pension recipients and establishes new provisions that align these adjustments with Social Security and Supplemental Security Income increases.

  • Section 10-11-118 NMSA 1978

    10-11-118. [NEW MATERIAL] COST-OF-LIVING ADJUSTMENTS--QUALIFIED PENSION RECIPIENT.-- → 10-11-118. [NEW MATERIAL] COST-OF-LIVING ADJUSTMENTS--QUALIFIED PENSION RECIPIENT.--

    The section is repealed and reenacted with new specifications for cost-of-living adjustments.

  • Section 10-11-118 NMSA 1978

    A qualified pension recipient is eligible for a cost-of-living pension adjustment.

    Defines eligibility for cost-of-living adjustments for pension recipients.

  • Section 10-11-118 NMSA 1978

    Beginning January 1, 2027, and no later than each January 1 thereafter, the retirement board shall certify the social security and supplemental security income cost-of-living adjustment determined by the federal social security administration for that calendar year.

    Establishes a schedule for certifying cost-of-living adjustments based on federal determinations.

  • Section 10-11-118 NMSA 1978

    Beginning July 1, 2027, and each July 1 thereafter, the cost-of-living adjustment to a qualified pension recipient payable pursuant to the Public Employees Retirement Act shall be in an amount equal to the amount certified by the retirement board pursuant to Subsection C of this section, and the amount of increase shall be determined by multiplying the amount of pension, inclusive of all prior adjustments, by the social security and supplemental security income cost-of-living adjustment determined by the federal social security administration for that calendar year.

    Sets the methodology for calculating cost-of-living adjustments for pensions.

  • Section 10-11-118 NMSA 1978

    A qualified pension recipient may decline an increase in a pension by giving the association written notice of the decision to decline the increase at least thirty days prior to the date that the increase would take effect.

    Allows pension recipients the option to decline their cost-of-living increase.

Action History

  1. action postponed indefinitely

  2. Sent to Senate Committees' Committee & Senate Health and Public Affairs Committee & Senate Finance Committee

Sponsors

Sponsorship breakdown

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5 sponsors · 0 co-sponsors · 107 not signed on

Sponsors (5)

Co-sponsors (0)

None.

Not signed on (107)

107 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 52?
SB 52 is sponsored by Pete Campos (Democrat), Elizabeth "Liz" Stefanics (Democrat), Micaelita Debbie O'Malley (Democrat), Peter Wirth (Democrat), and Michael Padilla (Democrat).
What is the current status of SB 52?
This bill is in committee in the Senate. Introduced January 21, 2026. It must pass committee before a floor vote.
Where can I track SB 52?
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