Judicial Retirement Act
New Mexico · Public Officers and Employees · §§ 10-12B-1 to 10-12B-9 · 23 sections
Overview
The Judicial Retirement Act establishes a retirement system for a state's judges, creating a dedicated judicial retirement fund financed by mandatory member contributions and employer contributions, and setting the age and service-credit thresholds a judge must meet to draw a pension. It defines how service credit is earned, reinstated, or carried over from prior and military service, sets the amount and payment form of the pension, and provides for early retirement, disability retirement, survivor benefits for death before or after retirement, cost-of-living adjustments, and continuation of group insurance. It also governs administration of the system — refunds of contributions to members who leave, protection of funds from most legal process while allowing division as community property and garnishment for child support, correction of administrative errors, and suspension or forfeiture of benefits.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- § 10-12B-1 NMSA 1978Chapter 10 — Public Officers and Employees › Article 12B — Judicial Retirement
- § 10-12B-10 NMSA 1978Member contributions; tax treatment
- § 10-12B-11 NMSA 1978Employer contributions
- § 10-12B-12 NMSA 1978Early retirement
- § 10-12B-13 NMSA 1978Disability retirement pension
- § 10-12B-14 NMSA 1978Survivor’s pension
- § 10-12B-14.1 NMSA 1978Election form of pension
- § 10-12B-14.2 NMSA 1978Form of pension payment
- § 10-12B-14.3 NMSA 1978Death before retirement; survivor pension
- § 10-12B-15 NMSA 1978Cost-of-living adjustment
- § 10-12B-15.1 NMSA 1978Qualified pension recipient; cost-of-living-adjustment wait period; declining increase
- § 10-12B-16 NMSA 1978Group insurance; continuation
- § 10-12B-17 NMSA 1978Suspension or forfeiture of benefits
- § 10-12B-18 NMSA 1978Adjustment of pension
- § 10-12B-19 NMSA 1978Corrections of errors and omissions; estoppel
- § 10-12B-2 NMSA 1978Definitions
- § 10-12B-3 NMSA 1978Judicial retirement fund established; administration of fund; accounting funds
- § 10-12B-4 NMSA 1978Membership
- § 10-12B-5 NMSA 1978Service credit; reinstatement of forfeited service; prior service; military service
- § 10-12B-6 NMSA 1978Refund of contributions
- § 10-12B-7 NMSA 1978Funds not subject to legal process; division of funds as community property; legal process to satisfy child support obligations
- § 10-12B-8 NMSA 1978Age and service credit requirements for normal retirement
- § 10-12B-9 NMSA 1978Amount of pension
Enacted in other states
All New Mexico named statutes →
Download
Copy
Embed on your site
Hover to preview · click to copy the code