N.M. Stat. § 10-7A-2

Current through 2024, ch. 69

Section 10-7A-2 - Definitions

As used in the Deferred Compensation Act:

A. "board" means the public employees retirement board;

B. "local public body" means all political subdivisions of the state, their agencies, instrumentalities and institutions;

C. "local public employee" means any officer or employee to whom a local public body pays a salary for services rendered;

D. "deferred compensation carriers" means any corporation, partnership or persons providing administrative, recordkeeping or investment consulting services to participants in deferred compensation plans pursuant to funding agreements; and

E. "state employee" means any officer or employee to whom the state pays a salary for services rendered.

NMS § 10-7A-2

Laws 1981, ch. 155, § 2; 1985, ch. 161, § 1; 2017, ch. 20, § 1.

Amended by 2017, c. 20,s. 1, eff. 6/16/2017.