Public-domain · open source
OpenJurist

§ 22-11-23.3 NMSA 1978

Retirement eligibility; initial membership on or after July 1, 2019

Known as the Educational Retirement Act

The act spans §§ 22–22 (71 sections).

1978 Comp., § 22-11-23.3, enacted by Laws 2019, ch. 258, § 2.

A member who initially became a member on or after July 1, 2019 or a member who was a member before July 1, 2019 and had, before that date, been refunded all member contributions in accordance with Subsection A of Section 22-11-15 NMSA 1978 and had not restored all refunded contributions and interest before July 1, 2019, is eligible for retirement benefits when:

A. the member is any age and has thirty or more years of earned service credit;

B. the member is at least sixty-seven years of age and has five or more years of earned service credit; or

C. the sum of the member's age and years of earned service credit equals at least eighty.

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.