N.M. Stat. § 10-11-26.6

Current through 2024, ch. 69
Section 10-11-26.6 - State general member coverage plan 3; state contribution rate

The state shall contribute the following percentages of the salary of each member covered by state general member coverage plan 3 starting with the first pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member:

A. beginning July 1, 2020 and continuing through June 30, 2021, seventeen and seventy-four hundredths percent of salary;
B. beginning July 1, 2021 and continuing through June 30, 2022, eighteen and twenty-four hundredths percent of salary;
C. beginning July 1, 2022 and continuing through June 30, 2023, eighteen and seventy-four hundredths percent of salary; and
D. beginning July 1, 2023 and thereafter, nineteen and twenty-four hundredths percent of salary.

NMS § 10-11-26.6

Laws 1994, ch. 128, § 7; 2009, ch. 127, § 2; 2011, ch. 178, § 2; 2013, ch. 225, § 13.
Amended by 2020, c. 11,s. 6, eff. 7/1/2020.
Amended by 2019, c. 237,s. 1, eff. 7/1/2019.
Amended by 2013, c. 225,s. 13, eff. 7/1/2013.
Amended by 2011, c. 178,s. 2, eff. 7/1/2011.