A municipality may enter into contracts with private insurance companies to establish a retirement system for its employees.
§ 3-18-28 NMSA 1978
Municipal employees' retirement system
1953 Comp., § 14-17-24, enacted by Laws 1971, ch. 71, § 1.
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.