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2017 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-46 - Municipal general member coverage plan 1; amount of pension; form of payment A.
Universal Citation: NM Stat § 10-11-46 (2017)
10-11-46. Municipal general member coverage plan 1; amount of pension; form of payment A.
Under municipal general member coverage plan 1, the amount of pension under form of payment A is equal to two percent of the final average salary multiplied by credited service. The amount shall not exceed ninety percent of the final average salary.
History: Laws 1987, ch. 253, 46; 2013, ch. 225, 32.
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