There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 10: Public Officers and Employees
Article 12C: Magistrate Retirement, 10-12C-1 through 10-12C-18
Section 10-12C-9: Amount of pension.
NM Stat § 10-12C-9 (1996 through 1st Sess 50th Legis) What's This?
10-12C-9. Amount of pension.
The amount of pension is equal to one-twelfth of:
seventy-five percent of salary (number of years of received during last year X .05 X service, not exceeding in office prior to retirement fifteen years, + five years).
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