Board with­draws raises for top ex­ecs

Santa Fe New Mexican - - LOCAL & REGION -

The Ed­u­ca­tional Re­tire­ment Board has with­drawn its plans for raises for top ex­ec­u­tives over­see­ing New Mex­ico’s pen­sion sys­tem for teach­ers and other ed­u­ca­tors.

The Al­bu­querque Journal re­ported two of the raises would have ex­ceeded 40 per­cent.

Gov. Su­sana Mar­tinez’s ad­min­is­tra­tion re­fused to carry out the raises.

Ed­u­ca­tional Re­tire­ment Board Ex­ec­u­tive Di­rec­tor Jan Good­win told state law­mak­ers Wednes­day that her board has ac­cepted the de­nial and is no longer pur­su­ing the raises. She was one of four staffers in line for the in­creases, rang­ing from 9 per­cent to 49 per­cent.

Un­der the pro­posed raises, Good­win’s pay would have in­creased 46 per­cent, to $240,000 a year. The deputy di­rec­tor would have re­ceived a 49 per­cent pay in­crease, to $179,000.

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