2020 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-109 - Municipal fire member coverage plan 4; affiliated public employer contribution rate.

The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 4:

A. prior to July 1, 2022, twenty-one and nine-tenths percent of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, twenty-two and four-tenths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, twenty-one and nine-tenths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, twenty-three and four-tenths percent of salary; and

E. beginning July 1, 2025 and thereafter, twenty-three and nine-tenths percent of salary.

History: Laws 1987, ch. 253, § 109; 1998, ch. 114, § 8; 2013, ch. 225, § 82; 2019, ch. 237, § 15; 2020, ch. 11, § 54.

The 2020 amendment, effective July 1, 2020, increased affiliated public employer contribution rates by .5 percent each year for four years; in the introductory clause, after "shall contribute", deleted "twenty-one and nine-tenths percent" and added "the following percentages"; and added Subsections A through E.

The 2019 amendment, effective July 1, 2019, increased employer contribution rates to the funds included under the Public Employees Retirement Act; after "shall contribute twenty-one and", deleted "sixty-five hundredths" and added "nine-tenths", and after "member coverage plan 4", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be twenty-one and twenty-five hundredths percent of the salary of each member".

The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute twenty-one and", deleted "twenty-five one-hundredths" and added "sixty-five hundredths"; and after "coverage plan 4", 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.

The 1998 amendment, effective May 20, 1998, substituted "twenty-one" for "twenty" near the beginning of the section, substituted "whom" for "which" near the middle of the section, and substituted "covers" for "who is covered" near the end of the section.