New Mexico § 10-11-38.5 Juvenile correctional officer member coverage plan 2;

New Mexico Statutes

§ 10-11-38.5 — Juvenile correctional officer member coverage plan 2;

New Mexico § 10-11-38.5

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

This text of New Mexico § 10-11-38.5 (Juvenile correctional officer member coverage plan 2;) 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. § 10-11-38.5 (2026).

Text

member contribution rate. A member under juvenile correctional officer member coverage plan 2 shall contribute four and seventy-eight hundredths percent of salary starting with the first full pay period that ends within the calendar month in which juvenile correctional officer member coverage plan 2 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, 2020 and continuing through June 30, 2021, six and seventy- eight hundredths percent of salary; B. beginning July 1, 2021 and continuing through June 30, 2022, seven and twenty- eight hundredths percent of salary; C. beginning July 1, 2022 and continuing through June 30, 2023, seven and seventy-eight hundredths percent of salary

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member contribution rate. A member under juvenile correctional officer member coverage plan 2 shall contribute four and seventy-eight hundredths percent of salary starting with the first full pay period that ends within the calendar month in which juvenile correctional officer member coverage plan 2 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, 2020 and continuing through June 30, 2021, six and seventy- eight hundredths percent of salary; B. beginning July 1, 2021 and continuing through June 30, 2022, seven and twenty- eight hundredths percent of salary; C. beginning July 1, 2022 and continuing through June 30, 2023, seven and seventy-eight hundredths percent of salary; and D. beginning July 1, 2023 and thereafter, eight and twenty-eight hundredths percent of salary.