New Mexico § 10-11-49 Municipal general member coverage plan 1; affiliated

New Mexico Statutes

§ 10-11-49 — Municipal general member coverage plan 1; affiliated

New Mexico § 10-11-49

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

This text of New Mexico § 10-11-49 (Municipal general member coverage plan 1; affiliated) 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. § 10-11-49 (2026).

Text

public employer contribution rate. An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 1: A. prior to July 1, 2022, seven and sixty-five hundredths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, eight and fifteen- hundredths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, eight and sixty-five hundredths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, nine and fifteen- hundredths percent of salary; and E. beginning July 1, 2025 and thereafter, nine and sixty-five hundredths percent of salary.

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public employer contribution rate. An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 1: A. prior to July 1, 2022, seven and sixty-five hundredths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, eight and fifteen- hundredths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, eight and sixty-five hundredths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, nine and fifteen- hundredths percent of salary; and E. beginning July 1, 2025 and thereafter, nine and sixty-five hundredths percent of salary.