N.M. Stat. § 10-11-115

Current through 2024, ch. 69
Section 10-11-115 - Municipal fire member coverage plan 5; affiliated public employer contribution rate

The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 5:

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

NMS § 10-11-115

Laws 1987, ch. 253, § 115; 1998, ch. 114, § 10; 2013, ch. 225, § 86.
Amended by 2020, c. 11,s. 57, eff. 7/1/2020.
Amended by 2019, c. 237,s. 16, eff. 7/1/2019.
Amended by 2013, c. 225,s. 86, eff. 7/1/2013.