New Mexico § 10-13A-2 Definitions

New Mexico Statutes

§ 10-13A-2 — Definitions

New Mexico § 10-13A-2

Ch. 10Public Officers and Employees

Art. 13APublic Employees Retirement Reciprocity

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Bluebook

N.M. Stat. Ann. § 10-13A-2 (2026).

Text

As used in the Public Employees Retirement Reciprocity Act: A. "association" means the public employees retirement association of New Mexico; B. "board" means the retirement board provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978] or the educational retirement board; C. "educational retirement system" means that retirement system provided for in the Educational Retirement Act [Chapter 22, Article 11 NMSA 1978]; D. "eligible reciprocal service credit" means a minimum of one month of service credit under any state system as calculated according to the retirement act applicable to the member; E. "former member" means a person who was previously employed by an employer covered by a state system, who has terminated that employment and who has received a refun

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As used in the Public Employees Retirement Reciprocity Act: A. "association" means the public employees retirement association of New Mexico; B. "board" means the retirement board provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978] or the educational retirement board; C. "educational retirement system" means that retirement system provided for in the Educational Retirement Act [Chapter 22, Article 11 NMSA 1978]; D. "eligible reciprocal service credit" means a minimum of one month of service credit under any state system as calculated according to the retirement act applicable to the member; E. "former member" means a person who was previously employed by an employer covered by a state system, who has terminated that employment and who has received a refund of member contributions; F. "judicial retirement system" means that retirement system provided for in the Judicial Retirement Act [Chapter 10, Article 12B NMSA 1978]; G. "magistrate retirement system" means that retirement system provided for in the Magistrate Retirement Act [Chapter 10, Article 12C NMSA 1978]; H. "member" means: (1) a currently employed, contributing employee of an employer covered by a state system; or (2) a person who has been but is not currently employed by an employer covered by a state system, who has not retired and who has not received a refund of member contributions from the state system under which he was covered; I. "member contributions" means the amounts deducted from the salary of a member and credited to the member's individual account in a state system, together with interest, if any, credited to that account; J. "pension" means a series of monthly payments to a retired member or survivor beneficiary as defined and provided in the Educational Retirement Act, the Public Employees Retirement Act, the Magistrate Retirement Act or the Judicial Retirement Act; K. "public employees retirement system" means that retirement system provided for in the Public Employees Retirement Act; L. "retire" means to: (1) terminate employment with all employers covered by any state system; and (2) receive a pension benefit from one state system; M. "salary" means the member's salary as defined under the applicable retirement act; and N. "state system" means a retirement program provided for in the Educational Retirement Act, the Public Employees Retirement Act, the Magistrate Retirement Act or the Judicial Retirement Act.