ALBUQUERQUE, N.M. — Governor using federal stimulus money to reduce premiums for teachers and other public school employees
Teachers and other public school employees in New Mexico will be getting some help to pay for rising health insurance premiums.
Gov. Bill Richardson announced Monday that he will use $2 million from his discretionary fund of federal stimulus money to offset insurance premiums.
The announcement was made in a news release that said the money would reduce premiums by an average of 2 percent for the 2010-11 school year and is expected to benefit about 33,4000 teachers and school employees across the state. Employees who have 80 percent of their premiums paid by their employer are not eligible, according to the news release.
The governor also is providing $500,000 from the discretionary fund for professional development of educational assistants in Albuquerque Public Schools. The money is expected to benefit about 2,000 educational assistants in APS and will be used to increase their capacity to deal with increased workloads and to work with students with special needs, according to the news release.