Calculation of final average salary

NMSA 1978, § 10-11-14.6 — under Article 11.

NMSA 1978, § 10-11-14.6

Under the Public Employees Retirement Act: A. for a member who was a member on June 30, 2013, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive, but not necessarily continuous, months of service credit; and B. for a member who was not a member on June 30, 2013, the final average salary is one-sixtieth of the greatest aggregate amount of salary paid a member for sixty consecutive, but not necessarily continuous, months of service credit. History: Laws 2009, ch. 288, § 12; 2013, ch. 225, § 8.