N.M. Admin. Code § 8.243.500.13

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

Section 8.243.500.13 - RESOURCE EXCLUSIONS

Specified types of resources are excluded from the calculation of countable resources as described in 8.215.500.14 NMAC as follows:

A.Retirement funds: Internal revenue service-recognized retirement fund accounts are excludable resources in the eligibility determination so long as funds are not withdrawn from the account.

B. Examples of such retirement fund accounts include: PERA, ERA, an employer's qualifying pension plan, 401(k) plan, civil service annuity, IRA, Roth IRA, KEOUGH plan, etc.

N.M. Admin. Code § 8.243.500.13

8.243.500.13 NMAC - N, 1-1-01