New Mexico Statutes

§ 22-11-48 — Alternative retirement plan; contributory employment

New Mexico § 22-11-48
JurisdictionNew Mexico
Ch. 22Public Schools
Art. 11Educational Retirement

This text of New Mexico § 22-11-48 (Alternative retirement plan; contributory employment) 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. § 22-11-48 (2026).

Text

A.Contributions made by a qualifying state educational institution on behalf of a participant together with any interest accrued on those contributions shall be credited to the benefit of the participant and shall be distributed or treated as agreed upon between the contractor or carrier providing the alternative retirement plan benefits and the board.
B.Contributions of a participant who terminates employment together with any applicable interest accrued on those contributions shall remain the property of the participant and the contributions, interest and any benefits based on them shall be treated as agreed upon between the contractor or carrier providing the alternative retirement plan benefits and the board.

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Legislative History

1978 Comp., § 22-11-48, enacted by Laws 1991, ch. 118, § 6.

Nearby Sections

15
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Bluebook (online)
New Mexico § 22-11-48, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/22/22-11-48.