Retired state workers could see bump in pensions from back pay dispute
Up to 1,700 retired state workers may be eligible for increased monthly pensions as the fallout from a long-running case over back pay is sorted out.
Greg Trujillo, deputy director of the Public Employees Retirement Association, said the agency will be contacting members about the readjusted pensions.
“We’re still a couple months away from that,” Trujillo said because work still has to be done to determine which retirees are due a bump in benefits and how much they will be.
The retirement association’s task represents a closing chapter in a dispute between the state and employee unions over a pay increase that was promised to state employees in 2008 but not correctly applied to their wages until after years of litigation.
Read more: http://www.santafenewmexican.com/news/local_news/retired-state-workers-could-see-bump-in-pensions-from-back/article_59879763-935a-5907-b4ad-dc2fc0a7a2bf.html
