There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-17 - State general member coverage plan 1; amount of normal requirements for normal retirement; form of payment A.
Universal Citation: NM Stat § 10-11-17 (2017)
10-11-17. State general member coverage plan 1; amount of normal requirements for normal retirement; form of payment A.
Under state general member coverage plan 1, the amount of a normal retirement pension under form of payment A is equal to two percent of final average salary multiplied by credited service. The amount shall not exceed sixty percent of final average salary.
History: Laws 1987, ch. 253, 17.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
