New Mexico § 10-11-114 Municipal fire member coverage plan 5; member

New Mexico Statutes

§ 10-11-114 — Municipal fire member coverage plan 5; member

New Mexico § 10-11-114

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

This text of New Mexico § 10-11-114 (Municipal fire member coverage plan 5; member) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 10-11-114 (2026).

Text

contribution rate. A member under municipal fire member coverage plan 5 shall contribute sixteen and two-tenths percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 5 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. beginning July 1, 2021 and continuing through June 30, 2022, nineteen and two- tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, nineteen and seven-tenths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, twenty and two- tenths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, twenty and seven- tenths percent of

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contribution rate. A member under municipal fire member coverage plan 5 shall contribute sixteen and two-tenths percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 5 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. beginning July 1, 2021 and continuing through June 30, 2022, nineteen and two- tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, nineteen and seven-tenths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, twenty and two- tenths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, twenty and seven- tenths percent of salary; and E. beginning July 1, 2025 and thereafter, twenty-one and two-tenths percent of salary.