PUBLIC EMPLOYEES RETIREE HEALTH CARE FUNDS

This constitutional amendment (SJR 2) prohibits diverting funds from New Mexico's public employees' retiree health care trust funds for any purpose other than covering retirees' health care costs or system administration. It directly affects current and future retirees who rely on these funds by guaranteeing their legal right to benefits and requiring the trust's sole purpose to serve beneficiaries. Key provisions mandate that all trust funds must be invested and managed exclusively for retirees, with the governing board having sole fiduciary responsibility. The amendment requires voter approval before taking effect, as it alters the state constitution.