N.M. Stat. § 10-11-55

Current through 2024, ch. 69
Section 10-11-55 - Municipal general member coverage plan 2; affiliated public employer contribution rate

An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 2:

A. prior to July 1, 2022, nine and eight-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary.

NMS § 10-11-55

Laws 1987, ch. 253, § 55; 2013, ch. 225, § 38.
Amended by 2020, c. 11,s. 21, eff. 7/1/2020.
Amended by 2019, c. 237,s. 4, eff. 7/1/2019.
Amended by 2013, c. 225,s. 38, eff. 7/1/2013.