CAN THE STATE OF NEW MEXICO REDUCE COST-OF-LIVING INCREASES FOR RETIRED EDUCATORS? IT'S A QUESTION THAT WENT BEFORE THE STATE SUPREME COURT WEDNESDAY. BUT THE JUSTICES WON'T ISSUE A DECISION UNTIL LATER.
A LAW ENACTED THIS YEAR CUTS TEACHER PENSIONS IN ORDER TO SHORE UP THE RETIREMENT FUND. BUT FOUR RETIREES SUED, SAYING THE STATE CONSTITUTION PROTECTS THEIR PENSIONS.
THE RETIREMENT SYSTEM COVERS CLOSE TO 100-THOUSAND EDUCATORS AND RETIREES.
