N.M. Stat. § 10-11-38.5

Current through 2024, ch. 69
Section 10-11-38.5 - Juvenile correctional officer member coverage plan 2; member contribution rate

A member under juvenile correctional officer member coverage plan 2 shall contribute four and seventy-eight hundredths percent of salary starting with the first full pay period that ends within the calendar month in which juvenile correctional officer member coverage plan 2 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:

A. beginning July 1, 2020 and continuing through June 30, 2021, six and seventy-eight hundredths percent of salary;
B. beginning July 1, 2021 and continuing through June 30, 2022, seven and twenty-eight hundredths percent of salary;
C. beginning July 1, 2022 and continuing through June 30, 2023, seven and seventy-eight hundredths percent of salary; and
D. beginning July 1, 2023 and thereafter, eight and twenty-eight hundredths percent of salary.

NMS § 10-11-38.5

Laws 1994, ch. 128, § 13; 2009, ch. 127, § 5; 2011, ch. 178, § 5; 2013, ch. 225, § 28.
Amended by 2020, c. 11,s. 14, eff. 7/1/2020.
Amended by 2013, c. 225,s. 28, eff. 7/1/2013.
Amended by 2011, c. 178,s. 5, eff. 7/1/2011.