2020 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 11 - Retirement of Public Officers and Employees Generally
Section 10-11-43.4 - State legislator member coverage plan 2; member contribution rate.
A member under state legislator member coverage plan 2 shall contribute an amount equal to one thousand dollars ($1,000) for each year of credited service less the amount of any prior contributions made by the member for that credited service.
History: Laws 2003, ch. 85, § 10; 2012, ch. 61, § 2; 2019, ch. 251, § 2.
ANNOTATIONSThe 2019 amendment, effective July 1, 2019, increased contribution amounts for members under state legislator member coverage plan 2; and after "an amount equal to", deleted "six hundred dollars ($600)" and added "one thousand dollars ($1,000)".
The 2012 amendment, effective March 7, 2012, increased the state legislator contribution and after "an amount equal to", deleted "five hundred dollars ($500)" and added "six hundred dollars ($600)".
