Republicans Vote for Pension Raid
House Republicans Vote For Pension Raid
House GOP Vote for Double Dipping Bill that many of them voted against in 2010
SANTA FE – Today, House Republicans passed a Double Dipping bill, a Band-Aid fix that cannot guarantee to put more cops on our streets. Double Dipping is fiscally irresponsible and is effectively a raid on our public employees’ pension fund to supplement the incomes of those that are already retired.
“We need to have a clear understanding of what is going on in the Albuquerque Police Department,” stated Representative Patricio Ruiloba (D-Albuquerque). “There are a lot of reasons why officers are leaving, and this bill will not be able to keep officers in the force.”
“Double Dipping is the most fiscally irresponsible and ineffective way to solve public safety problems,” said Democratic Whip, Representative Sheryl Williams Stapleton (D-Albuquerque). “This would be a raid on our pension fund that fails to address the problem of law enforcement recruitment and employee retention. And surprisingly, eleven Republican legislators voted to stop Double Dipping in 2010, but voted for it tonight.”
“We had a bipartisan agreement during the interim,” stated Representative Miguel Garcia (D-Albuquerque). “But this bill is a partisan fix that threatens the solvency of the Public Employees Retirement Fund that affects all public employees.”
House Bill 171, The Double Dipping Act aims to address Albuquerque’s police staffing crisis but can actually exacerbate staffing and safety issues. Double Dipping laws are bad for employee development and morale, and as a practical matter, Double Dipping is hard to limit by jurisdiction, job title, or amount of time. House Bill 171 now heads to the Senate for the committee process.