2021 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 13A - Public Employees Retirement Reciprocity
Section 10-13A-5 - Condition for separate payment of pension component.
Notwithstanding the provisions of Subsection E of Section 10-13A-4 NMSA 1978 to the contrary, a member who retires prior to July 1, 2017 shall be paid pursuant to Subsection E of Section 10-13A-4 NMSA 1978 until the executive director of the public employees retirement association and the executive director of the educational retirement board have certified to each other that the association or the board, respectively, has in place the appropriate accounting and financial structures and information technology for each state retirement system from which a member earned eligible reciprocal service credit to separately pay the amount of the component of the pension attributable to service credit accrued under that state system, at which time each state retirement system shall separately pay a member who retires prior to July 1, 2017 pursuant to Subsection F of Section 10-13A-4 NMSA 1978.
History: Laws 2017, ch. 25, § 2.
ANNOTATIONSEffective dates. — Laws 2017, ch. 25, § 3 made Laws 2017, ch. 25, § 2 effective July 1, 2017.
