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Public Employees Retirement Act

New Mexico · Public Officers and Employees · §§ 10-11-1 to 10-11-99 · 201 sections

Overview

The Public Employees Retirement Act establishes a public employee pension system covering employees of participating state and local government employers, including specialized coverage plans for municipal firefighters and municipal detention officers. It sets the eligibility terms of each coverage plan — age and service requirements for normal retirement, how credited service is counted, how the pension amount is calculated, and the contribution rates owed by members and by affiliated public employers. It also governs disability retirement, the forms in which a pension may be paid and how a recipient elects among them, cost-of-living and other benefit adjustments, when a pension begins, changes, or ends, continuation of group health and life insurance, appeals from denied benefit claims, and the retirement funds into which contributions are deposited and held.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 3 court decisions.

Most-cited authority: 153 F.3d 1160 - Public Employees' Retirement Board v. Shalala

Sections covered

Enacted in other states

Montana, Nevada

All New Mexico named statutes →

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