2020 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-115.6 - Municipal detention officer member coverage plan 1; employer contribution rate.

The affiliated public employer shall contribute the following percentages of the salary of each member under municipal detention officer member coverage plan 1 starting with the first pay period that ends within the calendar month in which municipal detention officer member coverage plan 1 becomes applicable to the member:

A. prior to July 1, 2022, seventeen and three-tenths percent of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, seventeen and eight-tenths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, eighteen and three-tenths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, eighteen and eight-tenths percent of salary; and

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

History: Laws 2003, ch. 268, § 7; 2013, ch. 225, § 90; 2019, ch. 237, § 17; 2020, ch. 11, § 60.

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 "seventeen and three-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 seventeen and", deleted "five hundredths" and added "three-tenths", and after "applicable to the member", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be sixteen and sixty-five hundredths percent of the salary of each member".

The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute", deleted "sixteen and sixty-five hundredths" and added "seventeen and five-hundredths"; and after "applicable to the member", 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.