Originally published November 12, 2009 at 7:50 AM | Page modified November 12, 2009 at 10:01 AM

Comments (0) E-mail article Print view Share

NM governor targets double-dipping public retirees

New Mexico Gov. Bill Richardson proposes to stop public employees from double-dipping by retiring and later returning to a government job while receiving a pension.

The Associated Press

SANTA FE, N.M. —

New Mexico Gov. Bill Richardson proposes to stop public employees from double-dipping by retiring and later returning to a government job while receiving a pension.

The governor said Wednesday he'll ask lawmakers to approve the measure during next year's legislative session.

A government worker can retire, wait 90 days and go back to work for the state, city or county without the loss of public pension benefits.

Richardson wants governmental retirees to wait a year before returning to work and he proposes to suspend their pensions. The restrictions target future return-to-work retirees - not the 2,000 already holding government jobs.

Richardson vetoed legislation earlier this year that would have limited retirees to earning $30,000 year in a government job while getting a pension.

E-mail article Print view Share

More Business & Technology

EU nations' reality: Greece's woes are theirs, too

Greece leads markets higher amid EU rescue hopes

RealNetworks makes key play with Rhapsody spinoff

Alaska Air dropping Jones Soda beverages, going back to Coca-Cola

Lots of Buzz over Google latest bid at social networking

More Business & Technology headlines...

Comments (0)

Hide comments / Show comments

No comments have been posted to this article. Start the conversation.