2011 New Mexico Statutes
Chapter 10: Public Officers and Employees
Article 11: Retirement of Public Officers and Employees Generally, 10-11-1 through 10-11-142
Section 10-11-38.6: State hazardous duty member coverage plan 2; state contribution rate.
10-11-38.6. State hazardous duty member coverage plan 2; state contribution rate.
The state shall contribute twenty-five and seventy-two hundredths percent of the salary of each member covered by state hazardous duty member coverage plan 2 starting with the first pay period that ends within the calendar month in which state hazardous duty member coverage plan 2 becomes applicable to the member, except that for members whose annual salary is greater than twenty thousand dollars ($20,000):
A. from July 1, 2009 through June 30, 2011, the state contribution rate shall be twenty-four and twenty-two hundredths percent of the salary of each member;
B. from July 1, 2011 through June 30, 2012, the state contribution rate shall be twenty-two and forty-seven hundredths percent of the salary of each member; and
C. from July 1, 2012 through June 30, 2013, the state contribution rate shall be twenty-four and twenty-two hundredths percent of the salary of each member.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
