Chapter 10, Article 13A NMSA 1978 may be cited as the “Public Employees Retirement Reciprocity Act”. History: 1978 Comp., § 10-13A-1, enacted by Laws 1992, ch. 116, § 13. ANNOTATIONS Purpose of act. — The [Public Employees] Retirement Reciprocity Act was enacted to extend to public employees the benefit of increased retirement credit irrespective of […]
As used in the Public Employees Retirement Reciprocity Act: A. “association” means the public employees retirement association of New Mexico; B. “board” means the retirement board provided for in the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978] or the educational retirement board; C. “educational retirement system” means that retirement system provided for […]
Forfeited service credit under any state system shall be reinstated according to the provisions of the retirement act applicable to that state system before that service credit may be considered eligible reciprocal service credit. History: 1978 Comp., § 10-13A-3, enacted by Laws 1992, ch. 116, § 15; 1993, ch. 279, § 2. ANNOTATIONS The 1993 […]
If a member has one month or more of eligible reciprocal service credit under each of two or more state systems, the following provisions shall apply, together with the applicable provisions of the Public Employees Retirement Reciprocity Act, the Educational Retirement Act [Chapter 22, Article 11 NMSA 1978], the Public Employees Retirement Act [Chapter 10, […]
Notwithstanding the provisions of Subsection E of Section 10-13A-4 NMSA 1978 to the contrary, a member who retires prior to July 1, 2017 shall be paid pursuant to Subsection E of Section 10-13A-4 NMSA 1978 until the executive director of the public employees retirement association and the executive director of the educational retirement board have […]
