N.M. Stat. § 10-11-29

Current through 2024, ch. 69

Section 10-11-29 - State public safety member coverage plan 1-amount of pension-form of payment a

Under state public safety member coverage plan 1, the amount of pension under form of payment A is equal to three percent of final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.

NMS § 10-11-29

Laws 1987, ch. 253, § 29; 2003, ch. 268, § 12; 2013, ch. 225, § 17.

Amended by 2024, c. 52,s. 5, eff. 5/15/2024.

Amended by 2023, c. 53,s. 2, eff. 6/13/2023.

Amended by 2020, c. 11,s. 10, eff. 7/1/2020.

Amended by 2013, c. 225,s. 17, eff. 7/1/2013.