New Mexico § 10-11-55.5 Municipal general member coverage plan 3; member

New Mexico Statutes

§ 10-11-55.5 — Municipal general member coverage plan 3; member

New Mexico § 10-11-55.5

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

This text of New Mexico § 10-11-55.5 (Municipal general member coverage plan 3; 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. § 10-11-55.5 (2026).

Text

contribution rate. A member under municipal general member coverage plan 3 shall contribute thirteen and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. prior to July 1, 2022, fourteen and sixty-five hundredths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, fifteen and fifteen- hundredths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, fifteen and sixty- five hundredths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, sixteen and fifteen-h

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contribution rate. A member under municipal general member coverage plan 3 shall contribute thirteen and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. prior to July 1, 2022, fourteen and sixty-five hundredths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, fifteen and fifteen- hundredths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, fifteen and sixty- five hundredths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, sixteen and fifteen-hundredths percent of salary; and E. beginning July 1, 2025 and thereafter, sixteen and sixty-five hundredths percent of salary.