N.M. Stat. § 10-11-14.6

Current through 2024, ch. 69
Section 10-11-14.6 - Calculation of final average salary

Under the Public Employees Retirement Act:

A. for a member who was a member on June 30, 2013, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive, but not necessarily continuous, months of service credit; and
B. for a member who was not a member on June 30, 2013, the final average salary is one-sixtieth of the greatest aggregate amount of salary paid a member for sixty consecutive, but not necessarily continuous, months of service credit.

NMS § 10-11-14.6

Laws 2009, ch. 288, § 12; 2013, ch. 225, § 8.
Amended by 2013, c. 225,s. 8, eff. 7/1/2013.
Effective 7/1/2011.