New Mexico § 22-11-23 Retirement eligibility; initial membership prior to July 1,

New Mexico Statutes

§ 22-11-23 — Retirement eligibility; initial membership prior to July 1,

New Mexico § 22-11-23

Ch. 22Public Schools

Art. 11Educational Retirement

This text of New Mexico § 22-11-23 (Retirement eligibility; initial membership prior to July 1,) 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. § 22-11-23 (2026).

Text

2010. A. A member who was a member on June 30, 2010, or was a member at any time prior to that date and had not, on that date, been refunded all member contributions pursuant to Subsection A of Section 22-11-15 NMSA 1978, shall be eligible for retirement benefits when:

(1)the member is any age and has twenty-five or more years of earned and allowed service credit;

(2)the member is at least sixty-five years of age and has five or more years of earned service credit; or (3) the sum of the member's age and years of earned service credit equals at least seventy-five; provided that a member who retires pursuant to this paragraph shall be subject to the benefit reductions provided in Subsection G of Section 22-11-30 NMSA 1978. B. A member shall be subject to the provisions of Subsection A of t

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2010. A. A member who was a member on June 30, 2010, or was a member at any time prior to that date and had not, on that date, been refunded all member contributions pursuant to Subsection A of Section 22-11-15 NMSA 1978, shall be eligible for retirement benefits when: (1) the member is any age and has twenty-five or more years of earned and allowed service credit; (2) the member is at least sixty-five years of age and has five or more years of earned service credit; or (3) the sum of the member's age and years of earned service credit equals at least seventy-five; provided that a member who retires pursuant to this paragraph shall be subject to the benefit reductions provided in Subsection G of Section 22-11-30 NMSA 1978. B. A member shall be subject to the provisions of Subsection A of this section as they existed at the beginning of the member's last cumulated four quarters of earned service credit, regardless of later amendment.