N.M. Stat. § 10-11-61

Current through 2024, ch. 69

Section 10-11-61 - Municipal police member coverage plan 1; affiliated public employer contribution rate

The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 1:

A. prior to July 1, 2022, ten and sixty-five hundredths percent of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, eleven and fifteen-hundredths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, eleven and sixty-five hundredths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, twelve and fifteen-hundredths percent of salary; and

E. beginning July 1, 2025 and thereafter, twelve and sixty-five hundredths percent of salary.

NMS § 10-11-61

Laws 1987, ch. 253, § 61; 2013, ch. 225, § 50.

Amended by 2020, c. 11,s. 30, eff. 7/1/2020.

Amended by 2019, c. 237,s. 7, eff. 7/1/2019.

Amended by 2013, c. 225,s. 50, eff. 7/1/2013.