N.M. Stat. § 10-11-38.3

Current through 2024, ch. 69

Section 10-11-38.3 - Juvenile correctional officer member coverage plan 2; amount of pension; form of payment A

Under juvenile correctional officer member coverage plan 2, the amount of pension under form of payment A is equal to three percent of final average salary multiplied by service credit. The amount shall not exceed one hundred percent of the final average salary.

NMS § 10-11-38.3

Laws 1994, ch. 128, § 11; 2013, ch. 225, § 27.

Amended by 2023, c. 53,s. 3, eff. 6/13/2023.

Amended by 2013, c. 225,s. 27, eff. 7/1/2013.