A member under state legislator member coverage plan 2 shall contribute an amount equal to one thousand dollars ($1,000) for each year of credited service less the amount of any prior contributions made by the member for that credited service.
§ 10-11-43.4 NMSA 1978
State legislator member coverage plan 2; member contribution rate
Known as the Public Employees Retirement Act
The act spans §§ 10-11-1 to 10-11-99 (201 sections).
Laws 2003, ch. 85, § 10; 2012, ch. 61, § 2; 2019, ch. 251, § 2.
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.