Chapter 10, Article 11 NMSA 1978 may be cited as the “Public Employees Retirement Act”. History: Laws 1987, ch. 253, § 1. ANNOTATIONS Repeals and reenactments. — Laws 1987, Chapter 253 repealed former 10-11-1 NMSA 1978, as amended by Laws 1985 (1st S.S.), ch. 10, § 1, relating to definitions, and enacted the above section, […]
ANNOTATIONS Repeals. — Laws 1993, ch. 160, § 9 repealed 10-11-10 NMSA 1978, as enacted by Laws 1987, ch. 253, § 10, concerning disability retirement, effective June 18, 1993. For provisions of former section, see the 1992 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 10-11-10.1 NMSA 1978.
A. There is created a “disability review committee” of the retirement board. The disability review committee shall consist of at least three but not more than five retirement board members and at least one physician licensed in New Mexico appointed by the retirement board. The disability review committee shall review all applications for disability retirement, […]
Under municipal fire member coverage plan 3: A. for a member with age and service requirements provided under Subsection A of Section 10-11-99 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 […]
History: Laws 1987, ch. 253, § 101; repealed by Laws 2009, ch. 288, § 20. ANNOTATIONS Repeals. — Laws 2009, ch. 288, § 20 repealed 10-11-101 NMSA 1978, as enacted by Laws 1987, ch. 253, § 101, relating to municipal fire member coverage plan 3, final average salary, effective July 1, 2011. For provisions of […]
A member under municipal fire member coverage plan 3 shall contribute eight percent of salary with the first full pay period in the calendar month in which municipal fire 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. […]
The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 3: A. prior to July 1, 2022, twenty-one and nine-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, twenty-two and four-tenths percent of salary; […]
Municipal fire member coverage plan 4 is applicable to municipal fire members of an affiliated public employer on the first day of the calendar month following certification of the election adopting municipal fire member coverage plan 4 by an affirmative vote of the majority of the affiliated public employer’s municipal fire members. The election shall […]
Under municipal fire 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 credited service; (2) age sixty-four years and eight or more years […]
Under municipal fire member coverage plan 4: A. for a member with age and service requirements provided under Subsection A of Section 10-11-105 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 ninety percent […]
History: Laws 1987, ch. 253, § 107; repealed by Laws 2009, ch. 288, § 20. ANNOTATIONS Repeals. — Laws 2009, ch. 288, § 20 repealed 10-11-107 NMSA 1978, as enacted by Laws 1987, ch. 253, § 107, relating to municipal fire member coverage plan 4, final average salary, effective July 1, 2011. For provisions of […]
A member under municipal fire member coverage plan 4 shall contribute twelve and eight-tenths percent of salary with the first full pay period in the calendar month in which municipal fire 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 […]
The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 4: A. prior to July 1, 2022, twenty-one and nine-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, twenty-two and four-tenths percent of salary; […]
ANNOTATIONS Repeals. — Laws 1993, ch. 160. § 9 repealed 10-11-11 NMSA 1978, as enacted by Laws 1987, ch. 253, § 11, concerning reevaluation of disability retired members and termination of disability pension, effective June 18, 1993. For provisions of former section, see the 1992 NMSA 1978 on NMOneSource.com.
Municipal fire member coverage plan 5 is applicable to municipal fire members of an affiliated public employer on the first day of the calendar month following certification of the election adopting municipal fire member coverage plan 5 by an affirmative vote of the majority of the affiliated public employer’s municipal fire members. The election shall […]
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 credited service; (2) age sixty-four years and eight or more years of credited service; (3) age sixty-three years […]
Under municipal fire member coverage plan 5: A. for a member with age and service requirements provided under Subsection A of Section 10-11-111 NMSA 1978, the amount of pension under form of payment A is equal to three and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed […]
History: Laws 1987, ch. 253, § 113; repealed by Laws 2009, ch. 288, § 20. ANNOTATIONS Repeals. — Laws 2009, ch. 288, § 20 repealed 10-11-113 NMSA 1978, as enacted by Laws 1987, ch. 253, § 113, relating to municipal fire member coverage plan 5, final average salary, effective July 1, 2011. For provisions of […]
A member under municipal fire member coverage plan 5 shall contribute sixteen and two-tenths percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 5 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall […]
The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 5: A. prior to July 1, 2022, twenty-one and nine-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, twenty-two and four-tenths percent of salary; […]
