Sections 1 through 16 [10-7C-1 to 10-7C-16 NMSA 1978] of this act may be cited as the “Retiree Health Care Act”. History: Laws 1990, ch. 6, § 1. ANNOTATIONS Compiler’s notes. — The Retiree Health Care Act was enacted by Laws 1990, ch. 6, §§ 1 to 16 and codified as 10-7C-1 to 10-7C-16 NMSA […]
A. After written notice to the participating employee, eligible retiree or eligible dependent and hearing with a fair opportunity to appear and present the case personally or by counsel, the board may expel from participation in the retiree health care plan or plans any participating employee, eligible retiree or eligible dependent who submits a false […]
A. The board shall be designated as the group policyholder for any plans established under the Retiree Health Care Act. B. The group insurance coverages provided under the plans may include but are not limited to life insurance, accidental death and dismemberment, hospital care and benefits, surgical care and treatment, medical care and treatment, dental […]
A. An eligible retiree who applies for coverage during the initial and subsequent open enrollment periods as established by the board may not be denied any of the group insurance basic coverages provided under the Retiree Health Care Act except as provided in Section 10 [10-7C-10 NMSA 1978] of that act. B. An eligible retiree […]
A. Except as otherwise provided in this section, each eligible retiree shall pay a monthly premium for the basic plan in an amount set by the board not to exceed fifty dollars ($50.00) plus the amount, if any, of the compounded annual increases authorized by the board, which increases shall not exceed nine percent until […]
All insurance benefit payments, participating employee and participating employer contributions, eligible retiree and eligible dependent contributions, optional benefits payments and any rights, benefits or payments accruing to any person under the Retiree Health Care Act, as well as all money in the fund created by that act, are exempt from execution, attachment, garnishment or any […]
A. Following completion of the preliminary contribution period, each participating employer shall make contributions to the fund pursuant to the following provisions: (1) for participating employees who are not members of an enhanced retirement plan, the employer’s contribution shall equal: (a) one and three-tenths percent of each participating employee’s salary for the period from July […]
Expenditures for the administration of the Retiree Health Care Act shall be made as provided by an operating budget adopted by the board and approved by the state budget division of the department of finance and administration as provided by law and pursuant to appropriation by the legislature. History: Laws 1990, ch. 6, § 16; […]
History: Laws 2002, ch. 75, § 2; 2002, ch. 80, § 2; 2003, ch. 382, § 2; 2006, ch. 26, § 1; repealed by Laws 2021, ch. 23, § 3. ANNOTATIONS Repeals. — Laws 2021, ch. 23, § 3 repealed 10-7C-17 NMSA 1978, as enacted by Laws 2002, ch. 75, § 2 and Laws 2002, […]
History: Laws 2002, ch. 75, § 3; 2002, ch. 80, § 3; 2006, ch. 26, § 2; repealed by Laws 2021, ch. 23, § 3. ANNOTATIONS Repeals. — Laws 2021, ch. 23, § 3 repealed 10-7C-18 NMSA 1978, as enacted by Laws 2002, ch. 75, § 3 and Laws 2002, ch. 80, § 3, relating […]
History: Laws 2002, ch. 75, § 4; 2002, ch. 80, § 4; 2006, ch. 26, § 3; repealed by Laws 2021, ch. 23, § 3. ANNOTATIONS Repeals. — Laws 2021, ch. 23, § 3 repealed 10-7C-19 NMSA 1978, as enacted by Laws 2002, ch. 75, § 4 and Laws 2002, ch. 80, § 4, relating […]
The purpose of the Retiree Health Care Act is to provide comprehensive core group health insurance for persons who have retired from certain public service in New Mexico. The purpose is to provide eligible retirees, their spouses, dependents and surviving spouses and dependents with health insurance consisting of a plan or optional plans of benefits […]
A. The legislature finds and declares that public employees face a severe problem in securing continuing medical insurance when they retire. Medical care inflation has far exceeded the general inflation rate for the past decade. It is expected that at least some of the factors that have contributed to this phenomenon will continue into the […]
As used in the Retiree Health Care Act: A. “active employee” means an employee of a public institution or any other public employer participating in either the Educational Retirement Act [Chapter 22, Article 11 NMSA 1978], the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978], the Judicial Retirement Act [Chapter 10, Article 12B […]
There is created the “retiree health care authority”, which is established to provide for comprehensive group health insurance programs under the Retiree Health Care Act. History: Laws 1990, ch. 6, § 5; 2002, ch. 75, § 1; 2002, ch. 80, § 1; 2021, ch. 23, § 2. ANNOTATIONS The 2021 amendment, effective July 1, 2021, […]
A. There is created the “board of the retiree health care authority”. The board shall be composed of not more than twelve members. B. The board shall include: (1) one member who is not employed by or on behalf of or contracting with an employer participating in or eligible to participate in the Retiree Health […]
In order to achieve the purposes of the Retiree Health Care Act, the board may take all actions reasonably necessary to implement that act, including but not limited to the following: A. employ or contract for the services of the state fiscal agent or select its own fiscal agent in accordance with the Procurement Code […]
The board may take all actions reasonably necessary to provide an administration building for the authority, including the acquisition of real property for that purpose. The board is authorized to make payments from the first money received each month as contributions pursuant to Section 10-7C-15 NMSA 1978 to pay principal of, interest on and other […]
A. The New Mexico finance authority may issue and sell revenue bonds in compliance with the New Mexico Finance Authority Act [Chapter 6, Article 21 NMSA 1978] in installments or at one time in an amount not exceeding two million five hundred thousand dollars ($2,500,000) for the purpose of planning, designing, acquiring, constructing, equipping and […]
A. There is created the “retiree health care fund”. All money in the fund shall be invested as provided for in Subsection D of this section. All income earned from investment of the fund shall be credited to the fund. Except as otherwise specifically provided herein, the money in the fund is appropriated to the […]
