New Mexico Administrative Code

Permanent.

July 1, 1991 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for dividing the community interest in deferred compensation plans.

A. Funds from a deferred compensation account may be paid to an alternate payee upon submission of a domestic relations order that conforms to the requirements of this rule and the deferred compensation plan. Funds may also be paid as a result of an approved unforeseen emergency …

Public Employees Retirement Association, P.O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects participants, former participants, beneficiaries, and the deferred compensation third party administrator under the Deferred Compensation Act.

This rule is authorized by NMSA 1978, Section 10-7A-11.

Permanent.

December 29, 1989 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for distribution after the participant terminates employment.

A participant shall make a distribution election or determination as provided for in the deferred compensation plan and as allowed by in the Internal Revenue Code, Section 457, as amended. The election shall be filed with the deferred compensation third party administrator by the…

Public Employees Retirement Association, P.O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects participants, former participants, local public bodies, the retirement board and the deferred compensation administrator under the Deferred Compensation Act.

This rule is authorized by NMSA 1978, Sections 10-7A-8 and 10-7A-11, as amended.

Permanent.

November 15, 1997 unless a different date is cited at the end of a section.

The objective of this rule is to set forth standards and procedures for establishing and terminating local public employee participation in the deferred compensation plan.

A. A local public body electing to participate in the deferred compensation plan shall file an agreement, in a form acceptable to the board, with the deferred compensation administrator and the board within fifteen (15) working days of approval by the governing authority of the l…

Public Employees Retirement Association, P. O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects the affiliated public employers and employees under the coverage plans of the Public Employees Retirement Act, the educational retirement association, the educational retirement board and the public employees retirement board.

This rule is authorized by NMSA 1978, Section 10-13A-3, as amended.

Permanent.

July 1, 1992 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures to reinstate forfeited service credit by repayment of withdrawn member contributions.

A. Forfeited service credit may be reinstated by repayment of withdrawn member contributions, together with interest at the rate set by the board from the date of withdrawal to the date of repayment, under the following conditions: (1) Service credit may be reinstated in one-year…

Public Employees Retirement Association, P. O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects the affiliated public employers and employees under the coverage plans of the Public Employees Retirement Act, the educational retirement association, the educational retirement board and the public employees retirement board.

This rule is authorized by NMSA 1978, Section 10-13A-4, as amended.

Permanent.

July 1, 1992 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures to allow members who have accrued eligible reciprocal service credit to retire and obtain the aggregate of all pension components.

A. The Public Employees Retirement Reciprocity Act applies only to normal retirement pensions, and not to disability retirement or survivor pensions. B. Members with eligible reciprocal service credit shall retire according to the provisions of the state system retirement act und…

Public Employees Retirement Association (PERA), P. O. Box 2123, Santa Fe, New Mexico 87504-2123

A. The chief of each fire department shall file an executed member enrollment form for each new volunteer firefighter member within 30 days after the firefighter joins the department. B. Service shall be credited by calendar year. C. In order to post service credit for any member…

The denial of any claim for volunteer firefighters retirement benefits may be appealed by a claimant. Appeals shall follow the procedures set forth in 2.80.1500 NMAC.

This rule affects members, affiliated public employers, the retirement board and the association.

A. Service shall be credited by calendar year. B. In order to post or adjust service credit for any member for not more than the two preceding calendar years the member must file with the association the following completed records: (1) membership enrollment form; (2) "corrected …

This rule is authorized by Section 10-11A-6 NMSA 1978, as amended.

The member is responsible for providing to the association any change of the member's address.

Permanent.

July 1, 2015, unless a later date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for awarding and reinstating service credit under the Volunteer Firefighters Retirement Act.

(Reserved.)

New Mexico Colonias Infrastructure Board.

A. The board may authorize the authority to provide financial assistance from the colonias infrastructure project fund to qualified entities only for qualified colonias infrastructure projects as provided by Section 6-30-3 and Section 6-30-5, NMSA 1978. B. Financial assistance fr…

The authority may recommend structured financial assistance packages that include loans, grants and any other type of assistance authorized by the authority . The structure, terms and conditions of the financial assistance will be determined by the authority in accordance with th…

Based on the priority and evaluation factors set forth in Sections 8, 9, and 10, the board may recommend to the authority approval of the qualified project for financial assistance.