2018 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-85 - Municipal police member coverage plan 5; affiliated public employer contribution rate.
The affiliated public employer shall contribute eighteen and nine-tenths percent of the salary of each member it employs and who is covered under municipal police member coverage plan 5, except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be eighteen and one-half percent of the salary of each member.
History: Laws 1987, ch. 253, § 85; 2013, ch. 225, § 66.
The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute eighteen and", deleted "one-half" and added "nine-tenths"; and after "coverage plan 5", added the remainder of the sentence.
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.
