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2018 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-18 - State general member coverage plan 1; final average salary.
Universal Citation: NM Stat § 10-11-18 (2018)
10-11-18. State general member coverage plan 1; final average salary.
Under state general member coverage plan 1, final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive months of credited service. Under state general member coverage plan 1, if a member has less than thirty-six months of credited service, final average salary is the aggregate amount of salary paid a member for the member's period of credited service divided by the member's credited service.
History: Laws 1987, ch. 253, § 18.
Repeals and reenactments. — Laws 1987, Chapter 253 repealed former 10-11-18 NMSA 1978, as amended by Laws 1986, ch. 84, § 2, relating to employees' savings fund, and enacted a new section, effective July 1, 1987.
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