Municipal general member coverage plan 2; affiliated

NMSA 1978, § 10-11-55 — under Article 11.

NMSA 1978, § 10-11-55

public employer contribution rate. An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 2: A. prior to July 1, 2022, nine and eight-tenths percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three- tenths percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight- tenths percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three- tenths percent of salary; and E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary. History: Laws 1987, ch. 253, § 55; 2013, ch. 225, § 38; 2019, ch. 237, § 4; 2020, ch. 11, § 21.