New Mexico Statutes

§ 4-48B-17 — Governing boards of county hospitals authorized to

New Mexico·Ch. 4 Counties·Art. 48B Hospital Funding
establish retirement plans and programs for employees of county hospitals. The hospital governing board of a county hospital and regents of a state educational institution operating a county hospital under a contract approved by the state board of finance may establish retirement plans and programs for employees of a county hospital under their control. In establishing a retirement plan or program for county hospital employees, the governing board of the hospital may contract with private insurance companies. Any retirement benefits payable or paid to a county hospital employee resulting from a retirement plan or program authorized under this section are employee benefits and part of consideration for services rendered and are not donations to the employee.

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New Mexico § 4-48B-17 (Governing boards of county hospitals authorized to) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

1953 Comp., § 15-48-15, enacted by Laws 1973, ch. 343, § 1; 1978 Comp., §

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