July 30, 2024
The New Mexico Work and Save Program, a voluntary payroll deduction IRA savings program that had been scheduled to launch on July 1, 2024, has been put on indefinite hold because the state’s legislature failed to provide funding and make necessary statutory changes. There is no known date for the program’s revival. Employers in New Mexico should remain aware of this program’s status.
PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.
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