Under juvenile correctional officer member coverage plan 2, the amount of pension under form of payment A is equal to three percent of final average salary multiplied by service credit. The amount shall not exceed one hundred percent of the final average salary.
§ 10-11-38.3 NMSA 1978
Juvenile correctional officer member coverage plan 2; 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 1994, ch. 128, § 11; 2013, ch. 225, § 27; 2023, ch. 53, § 3.
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.