On this week’s interview, Paul Gessing interviews Len Gilroy of the Reason Foundation. Len is an expert on public employee pension issues and New Mexico has plenty of them. You can read more about Reason’s analysis of New Mexico’s pension issues here and here. Also, Gov. Lujan-Grisham has proposed some pension reforms.
Len offers his take on those reforms and whether they will put New Mexico’s underfunded pension system on a sound footing.
Pensions may seem like a boring subject, but their impact on the New Mexico budget and taxpayers (not to mention the State’s credit rating) cannot be overstated.