There is a newer version
of
this Section
2020 New Mexico Statutes
Chapter 22 - Public Schools
Article 11 - Educational Retirement
Section 22-11-50 - Alternative retirement plan; tax treatment.
Universal Citation: NM Stat § 22-11-50 (2020)
The board shall have the authority to determine whether the alternative retirement plan shall be qualified under Section 401(a) or 403(a) of the Internal Revenue Code of 1986, as amended, and shall make that determination based upon which choice is most advantageous to the participants as a whole.
History: 1978 Comp., § 22-11-50, enacted by Laws 1991, ch. 118, § 8.
ANNOTATIONSCross references. — For Sections 401(a) and 403(a) of the Internal Revenue Code, see 26 U.S.C. §§ 401(a) and 403(a), respectively.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
