N.M. Stat. § 10-11-46

Current through 2024, ch. 69

Section 10-11-46 - Municipal general member coverage plan 1; amount of pension; form of payment A

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

NMS § 10-11-46

Laws 1987, ch. 253, § 46; 2013, ch. 225, § 32.

Amended by 2023, c. 53,s. 4, eff. 6/13/2023.

Amended by 2013, c. 225,s. 32, eff. 7/1/2013.