N.M. Stat. § 10-11-55.8

Current through 2024, ch. 69
Section 10-11-55.8 - Municipal general member coverage plan 4; age and service requirements for normal retirement

Under municipal general member coverage plan 4:

A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit;
(2) age sixty-four years and eight or more years of service credit;
(3) age sixty-three years and eleven or more years of service credit;
(4) age sixty-two years and fourteen or more years of service credit;
(5) age sixty-one years and seventeen or more years of service credit;
(6) age sixty years and twenty or more years of service credit; or
(7) any age and twenty-five or more years of service credit; and
B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:
(1) age sixty-five years or older and five or more years of service credit; or
(2) any age if the member has five or more years of service credit and the sum of the member's age and years of service credit equals at least eighty-five.

NMS § 10-11-55.8

Laws 1998, ch. 106, § 2; 2009, ch. 288, § 10; 2013, ch. 225, § 43.
Amended by 2020, c. 11,s. 25, eff. 7/1/2020.
Amended by 2013, c. 225,s. 43, eff. 7/1/2013.
Effective 7/1/2011.