Municipal fire member coverage plan 2; member

NMSA 1978, § 10-11-96 — under Article 11.

NMSA 1978, § 10-11-96

contribution rate. A member under municipal fire member coverage plan 2 shall contribute eight percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 2 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. beginning July 1, 2021 and continuing through June 30, 2022, eleven percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, eleven and one- half percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, twelve percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, twelve and one- half percent of salary; and E. beginning July 1, 2025 and thereafter, thirteen percent of salary. History: Laws 1987, ch. 253, § 96; 1998, ch. 114, § 3; 2013, ch. 225, § 73; 2020, ch. 11, § 47; 2021, ch. 38, § 3.