N.M. Admin. Code § 2.82.3.13
Current through Register Vol. 35, No. 24, December 23, 2024
At the time of refund of a member's contributory balance, interest shall be paid at the refund rate through the end of the calendar quarter preceding the date of the refund; except that no interest shall be paid on contributions credited to a member's account for any period prior to July 1, 1971, nor shall interest be paid on contributions on deposit for less than one year.
N.M. Admin. Code § 2.82.3.13