New Mexico § 10-11-84 Municipal police member coverage plan 5; member

New Mexico Statutes

§ 10-11-84 — Municipal police member coverage plan 5; member

New Mexico § 10-11-84

Ch. 10Public Officers and Employees

Art. 11Retirement of Public Officers and Employees

This text of New Mexico § 10-11-84 (Municipal police 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. § 10-11-84 (2026).

Text

contribution rate. A member under municipal police member coverage plan 5 shall contribute sixteen and three-tenths percent of salary starting with the first full pay period in the calendar month in which municipal police 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. prior to July 1, 2022, seventeen and eight-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, eighteen and three-tenths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, eighteen and eight-tenths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, nineteen and three-tenths percent of salary; and E. b

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contribution rate. A member under municipal police member coverage plan 5 shall contribute sixteen and three-tenths percent of salary starting with the first full pay period in the calendar month in which municipal police 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. prior to July 1, 2022, seventeen and eight-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, eighteen and three-tenths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, eighteen and eight-tenths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, nineteen and three-tenths percent of salary; and E. beginning July 1, 2025 and thereafter, nineteen and eight-tenths percent of salary.