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§ 10-11-115.6 NMSA 1978

Municipal detention officer member coverage plan 1; employer contribution rate

Known as the Public Employees Retirement Act

The act spans §§ 10-11-1 to 10-11-99 (201 sections).

Laws 2003, ch. 268, § 7; 2013, ch. 225, § 90; 2019, ch. 237, § 17; 2020, ch. 11, § 60.

The affiliated public employer shall contribute the following percentages of the salary of each member under municipal detention officer member coverage plan 1 starting with the first pay period that ends within the calendar month in which municipal detention officer member coverage plan 1 becomes applicable to the member:

A. prior to July 1, 2022, seventeen and three-tenths percent of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, seventeen and eight-tenths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, eighteen and three-tenths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, eighteen and eight-tenths percent of salary; and

E. beginning July 1, 2025 and thereafter, nineteen and three-tenths percent of salary.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.