2018 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-55.2 - Municipal general member coverage plan 3; age and service requirements for normal retirement.
Under municipal general member coverage plan 3:
A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and eight or more years of service credit; or
(2) any age if the member has eight or more years of service credit and the sum of the member's age and years of service credit equals at least eighty-five.
History: 1978 Comp., § 10-11-55.2, enacted by Laws 1993, ch. 58, § 2; 2009, ch. 288, § 9; 2013, ch. 225, § 39.
The 2013 amendment, effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Subsection B, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Paragraph (1) of Subsection B, after "age", deleted "sixty-seven" and added "sixty-five" and after "older and", deleted "five" and added "eight"; in Paragraph (2) of Subsection B, after "age if", added "the member has eight or more years of service credit and" and after "equals at least" deleted "eighty" and added "eighty-five"; and deleted Paragraph (3) of Subsection B, which provided that "any age and thirty years of service credit".
Severability. — Laws 2013, ch. 225, § 93 provided that if any part or application of Laws 2013, ch. 225 is held invalid, the remainder or its application to other situations or persons shall not be affected.
The 2009 amendment, effective July 1, 2011, in Subsection A, at the beginning of the sentence, added "for a member who was a retired member or a member on June 30, 2010"; and added Subsection B.
