NM Stat § 10-11-26.2 (2021)
2021 New Mexico Statutes|Chapter 10 - Public Officers and Employees|Article 11 - Retirement of Public Officers and Employees Generally|Section 10-11-26.2 - State general member coverage plan 3; age and service credit requirements for normal retirement. (Effective January 1, 2023.)

A. Under state general member coverage plan 3:(1) for a member who on or before June 30, 2013 was a peace officer and for a member who is not a peace officer but was a retired member or a member on June 30, 2013, the age and service credit requirements for normal retirement are:(a) age sixty-five years or older and five or more years of service credit;(b) age sixty-four years and eight or more years of service credit;(c) age sixty-three years and eleven or more years of service credit;(d) age sixty-two years and fourteen or more years of service credit;(e) age sixty-one years and seventeen or more years of service credit;(f) age sixty years and twenty or more years of service credit; or(g) any age and twenty-five or more years of service credit;(2) for a member who is not a peace officer and was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:(a) age sixty-five years or older and five or more years of service credit; or(b) any age if the member has five or more years of service credit and the sum of the member's age and years of service credit equals at least eighty-five;(3) for a member who on or after July 1, 2013 becomes a peace officer and who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:(a) age sixty years or older and five or more years of service credit; or(b) any age and twenty-five or more years of service credit; and(4) for a member who on or after January 1, 2023 becomes a public regulation commission commissioner, who was not a retired member or a member prior to January 1, 2023 and whose service credit is limited to service as a commissioner, the age and service requirement for normal retirement is age sixty-five years or older and six or more years of service credit.B. As used in this section, "peace officer" means any employee of the state with a duty to maintain public order or to make arrests for crime, whether that duty extends to all crimes or is limited to specific crimes, and who is not specifically covered by another coverage plan.History: Laws 1994, ch. 128, § 3; 2009, ch. 288, § 6; 2013, ch. 225, § 10; 2020, ch. 9, § 24; 2020, ch. 11, § 4. ANNOTATIONSCompiler's notes. — Laws 2020, ch. 9, § 24 amended 10-11-26.2 NMSA 1978, effective January 1, 2023, contingent upon the adoption of Laws 2019, SJC/SRC/SJR Nos. 1 and 4, Constitutional Amendment 1, at the general election held on November 3, 2020. Constitutional Amendment 1 was adopted by a vote of 445,655 for and 355,471 against.2020 Multiple Amendments. — Laws 2020, ch. 9, § 24, effective January 1, 2023, and Laws 2020, ch. 11, § 4, effective July 1, 2020, enacted different amendments to this section that can be reconciled. Pursuant to 12-1-8 NMSA 1978, Laws 2020, ch. 11, § 4 as the last act signed by the governor is set out above and incorporates both amendments. The amendments enacted by Laws 2020, ch. 9, § 24 and Laws 2020, ch. 11, § 4 are described below. To view the session laws in their entirety, see the 2020 session laws on NMOneSource.com. The nature of the difference between the amendments is that Laws 2020, ch. 9, § 24, provided service credit requirements for public regulation commissioners who become commissioners on or after January 1, 2023 and whose service credit is limited to service as a commissioner, and Laws 2020, ch. 11, § 4, changed the service credit requirement for certain retirees.Laws 2020, ch. 11, § 4, effective July 1, 2020, changed the service credit requirement for certain retirees; in Subsection A, in Subparagraph A(2)(a), after "sixty-five years or older and", deleted "eight" and added "five", in Subparagraph A(2)(b), after "the member has", deleted "eight" and added "five", and in Subparagraph A(3)(a), after "sixty years or older and", deleted "six" and added "five".Laws 2020, ch. 9, § 24, effective January 1, 2023, provided service credit requirements for public regulation commissioners who become commissioners on or after January 1, 2023 and whose service credit is limited to service as a commissioner; in Subsection A, added new Paragraph (4).