N.M. Admin. Code § 2.81.11.7

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.81.11.7 - DEFINITIONS

A."Board" means, the board of directors of the NMRCHA.

B."Credited service" means the number of full years of employment with a participating employer as verified by the authority.

C."Disabled retiree" means an eligible retiree who has been authorized to retire due to disability by the appropriate state retirement agency.

D."Member of an enhanced retirement plan" means a member of a retirement plan as defined by Section 10-7C-15 NMSA 1978.

E."Retiree health care authority" or "authority" or "NMRHCA" means, the retiree health care authority established by chapter 6 laws of New Mexico, 1990 (Sections 10-7C-1et seq., NMSA 1978).

F."State retirement agency" means each of the agencies created and authorized by law to administer the educational retirement act, the public employees retirement act, the judicial retirement act, the magistrate retirement act, the public employees retirement reciprocity act, or the retirement program of an independent public employer on or before July 1, 1990.

G."Subsidy" means a set portion of the cost of an eligible retiree's monthly coverage, a varying percentage of which is borne by the authority as determined by the board.

N.M. Admin. Code § 2.81.11.7

2.81.11.7 NMAC - N, 02-14-02; A, 12-30-02, Amended by New Mexico Register, Volume XXIX, Issue 24, December 27, 2018, eff. 1/1/2021, Amended by New Mexico Register, Volume XXXI, Issue 12, June 23, 2020, eff. 7/31/2021