Under juvenile correctional officer member coverage plan 1, the amount of pension under form of payment A is equal to two and one-half percent of final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
§ 10-11-35 NMSA 1978
Juvenile correctional officer member coverage plan 1; amount of pension; form of payment A
Known as the Public Employees Retirement Act
The act spans §§ 10-11-1 to 10-11-99 (201 sections).
Laws 1987, ch. 253, § 35; 2013, ch. 225, § 22.
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.