reglab/statecodes huggingface dataset:
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-43.6 - State legislator member coverage plan 2; contributions for service prior to 2003.

To be eligible for state legislator member coverage plan 2, a state legislator or lieutenant governor shall make the necessary contributions by December 31, 2004 for years of credited service earned prior to January 1, 2003, in an amount that totals five hundred dollars ($500) for each year of credited service.
History:
Laws 2003, ch. 85, § 12.
ANNOTATIONS
Effective dates.
— Laws 2003, ch. 85, § 14 made the act effective July 1, 2003.
Temporary provisions.
— Laws 2008, ch. 71, § 1, effective May 14, 2008, added a temporary provision that provided that notwithstanding the provisions of Sections 10-11-43.1 and 10-11-43.6 NMSA 1978, a legislator or lieutenant governor serving on July 1, 2009 shall be eligible for state legislator member coverage plan 2 if, by December 31, 2008, the legislator or lieutenant governor elects to become a member and:
A. makes a contribution in an amount that, when added to previous contributions, totals five hundred dollars ($500) for each year of credited service earned prior to December 31, 2008; and
B. pays interest on the amount contributed at an interest rate set by the public employees retirement board.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-45 - Municipal general member coverage plan 1; age and service requirements for normal retirement.

Under municipal general member coverage plan 1:
A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit; or
(2) 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.
History:
Laws 1987, ch. 253, § 45; 2009, ch. 288, § 7; 2013, ch. 225, § 31; 2020, ch. 11, § 16.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, changed the service credit requirement for certain retirees; in Subsection B, Paragraph B(1), after "older and", deleted "eight" and added "five", and in Paragraph B(2), after "member has", deleted "eight" and added "five".
The 2013 amendment,
effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Subsection B, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Paragraph (1) of Subsection B, after "age", deleted "sixty-seven" and added "sixty-five" and after "older and", deleted "five" and added "eight"; in Paragraph (2) of Subsection B, after "age if", added "the member has eight or more years of service credit and" and after "at least", deleted "eighty" and added "eighty-five"; and deleted former Paragraph (3) of Subsection B, which provided that "any age and thirty or more years of service credit".
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.
The 2009 amendment,
effective July 1, 2011, in Subsection A, at the beginning of the sentence, added "for a member who was a retired member or a member on June 30, 2010"; and added Subsection B.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-46 - Municipal general member coverage plan 1; amount of pension; form of payment A.

Under municipal general member coverage plan 1, the amount of pension under form of payment A is equal to two percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
History:
Laws 1987, ch. 253, § 46; 2013, ch. 225, § 32; 2023, ch. 53, § 4.
ANNOTATIONS
The 2023 amendment,
effective June 16, 2023, increased the maximum amount of pension that a municipal general member under coverage plan 1 is permitted to earn; and after "shall not exceed", deleted "ninety" and added "one hundred".
Applicability.
— The provisions of Laws 2023, ch. 53, § 19 apply to credited service performed after June 16, 2023. Any credited service performed or amount of pension earned prior to June 16, 2023 shall not be calculated or adjusted to conform to the provisions of Laws 2023, ch. 53.
The 2013 amendment,
effective July 1, 2013, increased the maximum pension benefit; and in the second sentence, after "shall not exceed", deleted "eighty" and added "ninety".
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-47 - Repealed.

History:
Laws 1987, ch. 253, § 47; repealed by Laws 2009, ch. 288, § 20.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 288, § 20 repealed 10-11-47 NMSA 1978, as enacted by Laws 1987, ch. 253, § 47, relating to municipal general member coverage plan 1, final average salary, effective July 1, 2011. For provisions of former section,
see
the 2010 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-48 - Municipal general member coverage plan 1; member contribution rate.

A member under municipal general member coverage plan 1 shall contribute seven percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 1 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. prior to July 1, 2022, eight and one-half percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, nine percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, nine and one-half percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, ten percent of salary; and
E. beginning July 1, 2025 and thereafter, ten and one-half percent of salary.
History:
Laws 1987, ch. 253, § 48; 2013, ch. 225, § 33; 2020, ch. 11, § 17.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than twenty-five thousand dollars, and increased the salary amount applicable to the increased member contribution rate; in the introductory clause, after "greater than", deleted "twenty thousand dollars ($20,000)" and added "twenty-five thousand dollars ($25,000)", and after "shall contribute", deleted "eight and one-half percent of salary"; and added Subsections A through D.
The 2013 amendment,
effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section, which provided for employee contributions at a rate of seven percent of salary, and added the current language.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-49 - Municipal general member coverage plan 1; affiliated public employer contribution rate.

An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 1:
A. prior to July 1, 2022, seven and sixty-five hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, eight and fifteen-hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, eight and sixty-five hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, nine and fifteen-hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, nine and sixty-five hundredths percent of salary.
History:
Laws 1987, ch. 253, § 49; 2013, ch. 225, § 34; 2019, ch. 237, § 3; 2020, ch. 11, § 18.
ANNOTATIONS
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 "seven and sixty-five hundredths percent" and added "the following percentages"; and added new 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 seven and", deleted "four-tenths" and added "sixty-five hundredths", and after "member coverage plan 1", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be seven percent of the salary of each member".
The 2013 amendment,
effective July 1, 2013, increased the employer contribution rate; after "contribute seven", added "and four-tenths"; and after "coverage plan 1", 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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-50 - Municipal general member coverage plan 2; applicability.

Municipal general member coverage plan 2 is applicable to a designated group of municipal general members the first day of the calendar month following an affirmative vote by the majority of the municipal general members in a designated group. A designated group may be all members employed by the affiliated public employer, an organizational group whose compensation is established by negotiated contract or all members employed by the affiliated public employer whose compensation is not established by negotiated contract. The election shall be conducted by the retirement board in accordance with procedures adopted by the retirement board. The procedures shall afford all municipal general members who are part of the designated group an opportunity to vote. A new election for coverage by municipal general member coverage plan 2 shall not be held prior to the expiration of six months following the date of an election which failed to adopt municipal general member coverage plan 2. An election adopting municipal general member coverage plan 2 is irrevocable for the purpose of subsequently adopting a coverage plan which would decrease employer or employee contributions with respect to all current and future municipal general employees of the affiliated public employer who are part of the designated group.
History:
Laws 1987, ch. 253, § 50; 1989, ch. 79, § 2.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-51 - Municipal general member coverage plan 2; age and service requirements for normal retirement.

Under municipal general member coverage plan 2:
A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit; or
(2) 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.
History:
Laws 1987, ch. 253, § 51; 2009, ch. 288, § 8; 2013, ch. 225, § 35; 2020, ch. 11, § 19.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, changed the service credit requirement for certain retirees; in Subsection B, Paragraph B(1), after "older and", deleted "eight" and added "five", and in Paragraph B(2), after "member has", deleted "eight" and added "five".
The 2013 amendment,
effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Subsection B, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Paragraph (1) of Subsection B, after "age", deleted "sixty-seven" and added "sixty-five" and after "older and", deleted "five" and added "eight"; in Paragraph (2) of Subsection B, after "age if", added "the member has eight or more years of service credit and" and after "equals at least" deleted "eighty" and added "eighty-five"; and deleted Paragraph (3) of Subsection B, which provided that "any age and thirty years of service credit".
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.
The 2009 amendment,
effective July 1, 2011, in Subsection A, at the beginning of the sentence, added "for a member who was a retired member or a member on June 30, 2010"; and added Subsection B.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-52 - Municipal general member coverage plan 2; amount of pension; form of payment A.

Under municipal general member coverage plan 2:
A. for a member with age and service requirements provided in Subsection A of Section 10-11-51 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary; and
B. for a member with age and service requirements provided in Subsection B of Section 10-11-51 NMSA 1978, the amount of pension under form of payment A is equal to two percent of the final average salary multiplied by service credit. The amount shall not exceed one hundred percent of the final average salary.
History:
Laws 1987, ch. 253, § 52; 2013, ch. 225, § 36; 2023, ch. 53, § 5.
ANNOTATIONS
The 2023 amendment,
effective June 16, 2023, increased the maximum amount of pension that a municipal general member under coverage plan 2 is permitted to earn; and in Subsections A and B, after "shall not exceed", deleted "ninety" and added "one hundred".
Applicability.
— The provisions of Laws 2023, ch. 53, § 19 apply to credited service performed after June 16, 2023. Any credited service performed or amount of pension earned prior to June 16, 2023 shall not be calculated or adjusted to conform to the provisions of Laws 2023, ch. 53.
The 2013 amendment,
effective July 1, 2013, increased the maximum pension benefit; decreased the pension benefit for employees who become members after June 30, 2013; in Subsection A, in the first sentence, added "for a member with age and service requirements provided in Subsection A of Section 10-11-51 NMSA 1978" and in the second sentence, after "shall not exceed", deleted "seventy-five" and added "ninety"; and added Subsection B.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-53 - Repealed.

History:
Laws 1987, ch. 253, § 5; repealed by Laws 2009, ch. 288, § 20.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 288, § 20 repealed 10-11-53 NMSA 1978, as enacted by Laws 1987, ch. 253, § 53, relating to municipal general member coverage plan 2, final average salary, effective July 1, 2011. For provisions of former section,
see
the 2010 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-54 - Municipal general member coverage plan 2; member contribution rate.

A member under municipal general member coverage plan 2 shall contribute nine and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 2 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. prior to July 1, 2022, ten and sixty-five hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, eleven and fifteen-hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, eleven and sixty-five hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, twelve and fifteen-hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, twelve and sixty-five hundredths percent of salary.
History:
Laws 1987, ch. 253, § 54; 2013, ch. 225, § 37; 2020, ch. 11, § 20.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than twenty-five thousand dollars, and increased the salary amount applicable to the increased member contribution rate; in the introductory clause, after "greater than", deleted "twenty thousand dollars ($20,000)" and added "twenty-five thousand dollars ($25,000)", and after "shall contribute", deleted "ten and sixty-five hundredths percent of salary"; and added Subsections A through E.
The 2013 amendment,
effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section, which provided for employee contributions at a rate of nine and fifteen one-hundredths percent of salary; and added the current language.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55 - Municipal general member coverage plan 2; affiliated public employer contribution rate.

An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 2:
A. prior to July 1, 2022, nine and eight-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary.
History:
Laws 1987, ch. 253, § 55; 2013, ch. 225, § 38; 2019, ch. 237, § 4; 2020, ch. 11, § 21.
ANNOTATIONS
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 "nine and eight-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", deleted "nine and fifty-five hundredths" and added "nine and eight-tenths", and after "member coverage plan 2", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be nine and fifteen-hundredths percent of the salary of each member".
The 2013 amendment,
effective July 1, 2013, increased the employer contribution rate; after "contribute nine and", deleted "fifteen one-hundredths" and added "fifty-five hundredths"; and after "coverage plan 2", 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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.1 - Municipal general member coverage plan 3; applicability.

History:
Laws 1998, ch. 106, § 4; repealed by Laws 2009, ch. 288, § 20.
Municipal general member coverage plan 3 is applicable to a designated group of municipal general members the first day of the calendar month following an affirmative vote by the majority of the municipal general members in a designated group. A designated group may be all members employed by the affiliated public employer, an organizational group whose compensation is established by negotiated contract or all members employed by the affiliated public employer, whose compensation is not established by negotiated contract. The election shall be conducted by the retirement board in accordance with procedures adopted by the retirement board. The procedures shall afford all municipal general members who are part of the designated group an opportunity to vote. A new election for coverage by municipal general member coverage plan 3 shall not be held prior to the expiration of six months following the date of an election which failed to adopt municipal general member coverage plan 3. An election adopting municipal general member coverage plan 3 is irrevocable for the purpose of subsequently adopting a coverage plan that would decrease employer or employee contributions with respect to all current and future municipal general employees of the affiliated public employer who are part of the designated group. All elections for the purpose of adopting municipal general member coverage plan 3 shall take place prior to July 1, 1995. Any election occurring after June 30, 1995 shall be null, void and of no effect.
History:
1978 Comp., § 10-11-55.1, enacted by Laws 1993, ch. 58, § 1.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.2 - Municipal general member coverage plan 3; age and service requirements for normal retirement.

Under municipal general member coverage plan 3:
A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit; or
(2) 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.
History:
1978 Comp., § 10-11-55.2, enacted by Laws 1993, ch. 58, § 2; 2009, ch. 288, § 9; 2013, ch. 225, § 39; 2020, ch. 11, § 22.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, changed the service credit requirement for certain retirees; in Subsection B, Paragraph B(1), after "older and", deleted "eight" and added "five", and in Paragraph B(2), after "member has", deleted "eight" and added "five".
The 2013 amendment,
effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Subsection B, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Paragraph (1) of Subsection B, after "age", deleted "sixty-seven" and added "sixty-five" and after "older and", deleted "five" and added "eight"; in Paragraph (2) of Subsection B, after "age if", added "the member has eight or more years of service credit and" and after "equals at least" deleted "eighty" and added "eighty-five"; and deleted Paragraph (3) of Subsection B, which provided that "any age and thirty years of service credit".
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.
The 2009 amendment,
effective July 1, 2011, in Subsection A, at the beginning of the sentence, added "for a member who was a retired member or a member on June 30, 2010"; and added Subsection B.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.3 - Municipal general member coverage plan 3; amount of pension; form of payment A.

Under municipal general member coverage plan 3:
A. for a member with age and service requirements provided under Subsection A of Section 10-11-55.2 NMSA 1978, the amount of pension under form of payment A is equal to three percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary; and
B. for a member with age and service requirements provided under Subsection B of Section 10-11-55.2 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
History:
1978 Comp., § 10-11-55.3, enacted by Laws 1993, ch. 58, § 3; 2013, ch. 225, § 40; 2023, ch. 53, § 6.
ANNOTATIONS
The 2023 amendment,
effective June 16, 2023, increased the maximum amount of pension that a municipal general member under coverage plan 3 is permitted to earn; and in Subsections A and B, after "shall not exceed", deleted "ninety" and added "one hundred".
Applicability.
— The provisions of Laws 2023, ch. 53, § 19 apply to credited service performed after June 16, 2023. Any credited service performed or amount of pension earned prior to June 16, 2023 shall not be calculated or adjusted to conform to the provisions of Laws 2023, ch. 53.
The 2013 amendment,
effective July 1, 2013, increased the maximum pension benefit; decreased the pension benefit for employees who become members after June 30, 2013; in Subsection A, in the first sentence, added "for a member with age and service requirements provided under Subsection A of Section 10-11-55.2 NMSA 1978" and in the second sentence, after "shall not exceed", deleted "eighty" and added "ninety"; and added Subsection B.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.4 - Repealed.

History:
1978 Comp., § 10-11-55.4, enacted by Laws 1993, ch. 58, § 4; repealed by Laws 2009, ch. 288, § 20.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 288, § 20 repealed 10-11-55.4 NMSA 1978, as enacted by Laws 1993, ch. 58, § 4, relating to municipal general member coverage plan 3, final average salary, effective July 1, 2011. For provisions of former section,
see
the 2010 NMSA 1978 on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.5 - Municipal general member coverage plan 3; member contribution rate.

A member under municipal general member coverage plan 3 shall contribute thirteen and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. prior to July 1, 2022, fourteen and sixty-five hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, fifteen and fifteen-hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, fifteen and sixty-five hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, sixteen and fifteen-hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, sixteen and sixty-five hundredths percent of salary.
History:
1978 Comp., § 10-11-55.5, enacted by Laws 1993, ch. 58, § 5; 2013, ch. 225, § 41; 2020, ch. 11, § 23.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than twenty-five thousand dollars, and increased the salary amount applicable to the increased member contribution rate; in the introductory clause, after "greater than", deleted "twenty thousand dollars ($20,000)" and added "twenty-five thousand dollars ($25,000)", and after "shall contribute", deleted "fourteen and sixty-five hundredths percent of salary"; and added Subsections A through E.
The 2013 amendment,
effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section which provided for employee contributions at a rate of thirteen and fifteen one-hundredths percent of salary; and added the current language.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.6 - Municipal general member coverage plan 3; affiliated public employer contribution rate.

An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 3:
A. prior to July 1, 2022, nine and eight-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary.
History:
1978 Comp., § 10-11-55.6, enacted by Laws 1993, ch. 58, § 6; 2013, ch. 225, § 42; 2019, ch. 237, § 5; 2020, ch. 11, § 24.
ANNOTATIONS
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 "nine and eight-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", deleted "nine and fifty-five hundredths" and added "nine and eight-tenths", and after "member coverage plan 3", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be nine and fifteen-hundredths percent of the salary of each member".
The 2013 amendment,
effective July 1, 2013, increased the employer contribution rate; after "contribute nine and", deleted "fifteen one-hundredths" and added "fifty-five hundredths"; and after "coverage plan 3", 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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.7 - Municipal general member coverage plan 4; applicability.

Municipal general member coverage plan 4 is applicable to a designated group of municipal general members the first day of the calendar month following an affirmative vote by the majority of the municipal general members in a designated group. A designated group may be all members employed by the affiliated public employer, an organizational group whose compensation is established by negotiated contract or all members employed by the affiliated public employer, whose compensation is not established by negotiated contract. The election shall be conducted by the retirement board in accordance with the procedures adopted by the retirement board. The procedures shall afford all municipal general members who are part of the designated group an opportunity to vote. A new election for coverage by municipal general member coverage plan 4 shall not be held prior to the expiration of six months following the date of an election that failed to adopt municipal general member coverage plan 4. An election adopting municipal general member coverage plan 4 is irrevocable for the purpose of subsequently adopting a coverage plan that would decrease employer or employee contributions with respect to all current and future municipal general employees of the affiliated public employer who are part of the designated group. All elections for the purpose of adopting municipal general member coverage plan 4 shall take place prior to July 1, 2000. Any election occurring after June 30, 2000 shall be void.
History:
Laws 1998, ch. 106, § 1; 1999, ch. 38, § 1.
ANNOTATIONS
The 1999 amendment,
effective June 18, 1999, substituted "2000" for "1999" in the last two sentences.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.8 - Municipal general member coverage plan 4; age and service requirements for normal retirement.

Under municipal general member coverage plan 4:
A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit; or
(2) 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.
History:
Laws 1998, ch. 106, § 2; 2009, ch. 288, § 10; 2013, ch. 225, § 43; 2020, ch. 11, § 25.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, changed the service credit requirement for certain retirees; and in Subsection B, Paragraph B(1), after "older and", deleted "eight" and added "five", and in Paragraph B(2), after "member has", deleted "eight" and added "five".
The 2013 amendment,
effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Subsection B, in the introductory sentence, after "June 30", deleted "2010" and added "2013"; in Paragraph (1) of Subsection B, after "age", deleted "sixty-seven" and added "sixty-five" and after "older and", deleted "five" and added "eight"; in Paragraph (2) of Subsection B, after "age if", added "the member has eight or more years of service credit and" and after "equals at least" deleted "eighty" and added "eighty-five"; and deleted Paragraph (3) of Subsection B, which provided that "any age and thirty years of service credit".
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.
The 2009 amendment,
effective July 1, 2011, in Subsection A, at the beginning of the sentence, added "for a member who was a retired member or a member on June 30, 2010"; and added Subsection B.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.9 - Municipal general member coverage plan 4; amount of pension; form of payment A.

Under municipal general member coverage plan 4:
A. for a member with age and service requirements provided under Subsection A of Section 10-11-55.8 NMSA 1978, the amount of pension under form of payment A is equal to three percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary; and
B. for a member with age and service requirements provided under Subsection B of Section 10-11-55.8 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
History:
Laws 1998, ch. 106, § 3; 2013, ch. 225, § 44; 2023, ch. 53, § 7.
ANNOTATIONS
The 2023 amendment,
effective June 16, 2023, increased the maximum amount of pension that a municipal general member under coverage plan 4 is permitted to earn; and in Subsections A and B, after "shall not exceed", deleted "ninety" and added "one hundred".
Applicability.
— The provisions of Laws 2023, ch. 53, § 19 apply to credited service performed after June 16, 2023. Any credited service performed or amount of pension earned prior to June 16, 2023 shall not be calculated or adjusted to conform to the provisions of Laws 2023, ch. 53.
The 2013 amendment,
effective July 1, 2013, increased the maximum pension benefit; decreased the pension benefit for employees who become members after June 30, 2013; in Subsection A, in the first sentence, added "for a member with age and service requirements provided under Subsection A of Section 10-11-55.8 NMSA 1978" and in the second sentence, after "shall not exceed", deleted "eighty" and added "ninety"; and added Subsection B.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.10 - Repealed.

ANNOTATIONS
Repeals.
— Laws 2009, ch. 288, § 20 repealed 10-11-55.10 NMSA 1978, as enacted by Laws 1998, ch. 106, § 4, relating to municipal general member coverage plan 4, final average salary, effective July 1, 2011. For provisions of former section,
see
the 2010 NMSA on
NMOneSource.com.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.11 - Municipal general member coverage plan 4; member contribution rate.

A member under municipal general member coverage plan 4 shall contribute fifteen and sixty-five hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 4 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. prior to July 1, 2022, seventeen and fifteen hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, seventeen and sixty-five hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, eighteen and fifteen hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eighteen and sixty-five hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, nineteen and fifteen hundredths percent of salary.
History:
Laws 1998, ch. 106, § 5; 2013, ch. 225, § 45; 2020, ch. 11, § 26.
ANNOTATIONS
The 2020 amendment,
effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than twenty-five thousand dollars, and increased the salary amount applicable to the increased member contribution rate; in the introductory clause, after "greater than", deleted "twenty thousand dollars ($20,000)" and added "twenty-five thousand dollars ($25,000)", and after "shall contribute", deleted "seventeen and fifteen-hundredths percent of salary"; and added Subsections A through E.
The 2013 amendment,
effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section, which provided for employee contributions at a rate of fifteen and sixty-five hundredths percent of salary; and added the current language.
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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-55.12 - Municipal general member coverage plan 4; affiliated public employer contribution rate.

An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 4:
A. prior to July 1, 2022, twelve and three-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, twelve and eight-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, thirteen and three-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, thirteen and eight-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, fourteen and three-tenths percent of salary.
History:
Laws 1998, ch. 106, § 6; 2013, ch. 225, § 46; 2019, ch. 237, § 6; 2020, ch. 11, § 27.
ANNOTATIONS
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 "twelve 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 twelve and", deleted "five hundredths" and added "three-tenths", and after "member coverage plan 4", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be eleven 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 "eleven and sixty-five hundredths" and added "twelve and five-hundredths"; and after "coverage plan 4", 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.
2023 New Mexico Statutes › Chapter 10 - Public Officers and Employees › Article 11 - Retirement of Public Officers and Employees Generally › Section 10-11-56 - Municipal police member coverage plan 1; applicability.

Municipal police member coverage plan 1 is applicable to municipal police members whose affiliated public employer has adopted municipal police member coverage plan 1 for its municipal police officers. The affiliated public employer shall certify this adoption to the retirement board in the form prescribed by the retirement board.
History:
Laws 1987, ch. 253, § 56.