2006 New Mexico Statutes - Section 10-11A-4 — Administration of the Volunteer Firefighters Retirement Act, program and funds by the public employees\' retirement board; annual actuarial evaluation.
10-11A-4. Administration of the Volunteer Firefighters Retirement Act, program and funds by the public employees' retirement board; annual actuarial evaluation.
A. The provisions of the Volunteer Firefighters Retirement Act [Chapter 10 Article 11A NMSA 1978] and the volunteer firefighters retirement program authorized under that act shall be administered by the board. The provisions of law relating to the administration and investment of retirement funds administered by the board shall apply to all funds transferred and paid into the volunteer firefighters retirement fund. In its administration of the volunteer firefighters retirement program, the board is authorized to promulgate rules and regulations.
B. The board shall provide for an annual actuarial evaluation of the volunteer firefighters retirement fund and shall make recommendations to the legislature for any changes necessary to maintain the actuarial soundness of the fund.
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