N.M. Admin. Code § 2.82.3.12
Current through Register Vol. 35, No. 24, December 23, 2024
Section 2.82.3.12 - PURCHASE OF NON-REPORTED SERVICE; FAILURE TO DEDUCT MEMBER CONTRIBUTIONSA. Non-reported service must be purchased at the time it is discovered. Payment for non-reported service shall be at the contribution rate in effect at the time the non-reported service is discovered. The full fiscal year salary for the position for which the member was hired shall determine whether a member pays the contribution rate applicable to members who earn $24,000 or less per year in accordance with Section 22-11-21 NMSA 1978.B. If the local administrative unit fails to deduct the applicable contribution from the salary paid to a member for each payroll period, the local administrative unit shall be responsible to remit to the fund the total amount due for both the member and the local administrative unit plus interest at a rate set by the board.N.M. Admin. Code § 2.82.3.12
2.82.3.12 NMAC - N, 7-1-2012, Amended by New Mexico Register, Volume XXVIII, Issue 18, September 26, 2017, eff. 9/26/2017, Amended by New Mexico Register, Volume 30, Issue 21, November 12, 2019, eff. 11/12/2019