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 […]
Section 58-33-3 – Board created; organization.
A. The “New Mexico work and save board” is created and is administratively attached to the office of the state treasurer. The office of the state treasurer shall provide administrative support for the board in carrying out its duties pursuant to the New Mexico Work and Save Act. B. The board consists of the following […]
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 […]