N.M. Stat. § 10-11-102

Current through 2024, ch. 69
Section 10-11-102 - Municipal fire member coverage plan 3; member contribution rate

A member under municipal fire member coverage plan 3 shall contribute eight percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:

A. beginning July 1, 2021 and continuing through June 30, 2022, eleven percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, eleven and one-half percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, twelve percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, twelve and one-half percent of salary; and
E. beginning July 1, 2025 and thereafter, thirteen percent of salary.

NMS § 10-11-102

Laws 1987, ch. 253, § 102; 1998, ch. 114, § 5; 2013, ch. 225, § 77.
Amended by 2021, c. 38,s. 4, eff. 7/1/2021.
Amended by 2020, c. 11,s. 50, eff. 7/1/2020.
Amended by 2013, c. 225,s. 77, eff. 7/1/2013.