Section 58-33-4 – Board; scope of authority; powers and duties.
A. The board shall not directly or indirectly manage or maintain the funds or accounts of a program participant. The board shall contract with appropriate financial service providers to manage and maintain the funds and accounts of a program participant. B. In carrying out its duties to achieve the goals and objectives of the New […]
Section 58-33-1 – Short title.
Chapter 58, Article 33 NMSA 1978 may be cited as the “New Mexico Work and Save Act”. History: Laws 2020, ch. 7, § 1; 2021, ch. 46, § 1. ANNOTATIONS Temporary provisions. — Laws 2020, ch. 7, § 13 provided: A. The New Mexico retirement plan marketplace shall be implemented no later than July 1, […]
Section 58-33-2 – Definitions.
As used in the New Mexico Work and Save Act: A. “board” means the New Mexico work and save board; B. “board member” means a member of the board; C. “covered employee” means a person who is at least eighteen years of age and who is employed by a covered employer, either full time or […]