N.M. Admin. Code § 2.82.5.14

Current through Register Vol. 35, No. 24, December 23, 2024

Section 2.82.5.14 - COST-OF-LIVING ADJUSTMENTS

A. The adjustment factor to be applied annually to eligible benefits shall be determined by using the "Consumer Price Index for All Urban Consumers U.S. City Average All Items".

B. If a member who was certified by the board as disabled at the time of regular retirement returns to gainful employment with a local administrative unit in a position commensurate with the member's background, education and experience, the member's benefit shall no longer be subject to adjustments as provided for in Subsection G of Section 22-11-31 NMSA 1978. Any adjustments made prior to the date of reemployment shall remain in effect. All future adjustments shall be made solely as provided for in Subsections B and C of Section 22-11-31 NMSA 1978.

N.M. Admin. Code § 2.82.5.14

6-30-99; 2.82.5.14 NMAC - Rn, 2 NMAC 82.5.14, 11-30-2001, Amended by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016, Adopted by New Mexico Register, Volume XXXV, Issue 12, June 25, 2024, eff. 7/1/2024