New Mexico § 10-11-42 State legislator member coverage plan 1; member

New Mexico Statutes

§ 10-11-42 — State legislator member coverage plan 1; member

New Mexico § 10-11-42

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

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Bluebook

N.M. Stat. Ann. § 10-11-42 (2026).

Text

contribution rate.

A.Prior to January 1, 2004, a member under state legislator member coverage plan 1 shall contribute one hundred dollars ($100) for each year of credited service earned after December 31, 1959.

B.To be eligible for the pension amount in Paragraph (2) of Subsection C of Section 10-11-41 NMSA 1978, a member under state legislator member coverage plan 1 must contribute one hundred dollars ($100) for each year of credited service earned after December 31, 1959 and must make that required contribution no later than December 31, 2003.

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contribution rate. A. Prior to January 1, 2004, a member under state legislator member coverage plan 1 shall contribute one hundred dollars ($100) for each year of credited service earned after December 31, 1959. B. To be eligible for the pension amount in Paragraph (2) of Subsection C of Section 10-11-41 NMSA 1978, a member under state legislator member coverage plan 1 must contribute one hundred dollars ($100) for each year of credited service earned after December 31, 1959 and must make that required contribution no later than December 31, 2003.