Chapter 10, Chapter 10

service requirements for normal retirement. Under municipal police coverage plan 2: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years of credi…

pension; form of payment A. Under municipal police member coverage plan 2: A. for a member with age and service requirements provided under Subsection A of Section 10-11-63 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final …

contribution rate. A member under municipal police member coverage plan 2 shall contribute seven percent of salary with the first full pay period in the calendar month in which municipal police member coverage plan 2 becomes applicable to the member, except that a member whose an…

public employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 2: A. prior to July 1, 2022, fifteen and sixty-five hundredths perce…

Municipal police member coverage plan 3 is applicable to municipal police members whose affiliated public employer has adopted municipal police member coverage plan 3 for its municipal police officers. The affiliated public employer shall certify this adoption to the retirement b…

service requirements for normal retirement. Under municipal police member coverage plan 3: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years o…

A. A member who entered a uniformed service of the United States may purchase service credit for periods of active duty in the uniformed services subject to the following conditions: (1) the member pays the association the purchase cost determined according to Subsection E of thi…

pension; form of payment A. Under municipal police member coverage plan 3: A. for a member with age and service requirements provided under Subsection A of Section 10-11-69 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final …

contribution rate. A member under municipal police member coverage plan 3 shall contribute seven percent of salary with the first full pay period in the calendar month in which municipal police member coverage plan 3 becomes applicable to the member, except that a member whose an…

public employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 3: A. prior to July 1, 2022, nineteen and fifteen-hundredths percent…

Municipal police member coverage plan 4 is applicable to municipal police members of an affiliated public employer on the first day of the calendar month following certification of the election adopting municipal police member coverage plan 4 by an affirmative vote of the majorit…

service requirements for normal retirement. Under municipal police member coverage plan 4: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years o…

pension; form of payment A. Under municipal police member coverage plan 4: A. for a member with age and service requirements provided under Subsection A of Section 10-11-75 NMSA 1978, the amount of pension under form of payment A is equal to three percent of the final average sal…

contribution rate. A member under municipal police member coverage plan 4 shall contribute twelve and thirty-five hundredths percent of salary starting with the first full pay period in the calendar month in which municipal police member coverage plan 4 becomes applicable to the …

public employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 4: A. prior to July 1, 2022, nineteen and fifteen-hundredths percent…

continued; contributions. A. A member may retire upon fulfilling the following requirements prior to the selected date of retirement: (1) a written application for normal retirement, in the form prescribed by the association, is filed with the association; (2) employment is termi…

Municipal police member coverage plan 5 is applicable to municipal police members of an affiliated public employer on the first day of the calendar month following certification of the election adopting municipal police member coverage plan 5 by an affirmative vote of the majorit…

service requirements for normal retirement. Under municipal police member coverage plan 5: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years o…

pension; form of payment A. Under municipal police member coverage plan 5: A. for a member with age and service requirements provided under Subsection A of Section 10-11-81 NMSA 1978, the amount of pension under form of payment A is equal to three and one-half percent of the fina…

contribution rate. A member under municipal police member coverage plan 5 shall contribute sixteen and three-tenths percent of salary starting with the first full pay period in the calendar month in which municipal police member coverage plan 5 becomes applicable to the member, e…

public employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 5: A. prior to July 1, 2022, nineteen and fifteen-hundredths percent…

Municipal fire member coverage plan 1 is applicable to municipal fire members whose affiliated public employer has adopted municipal fire member coverage plan 1 for its municipal firefighters. The affiliated public employer shall certify this adoption to the retirement board in t…

requirements for normal retirement. Under municipal fire member coverage plan 1: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years of credited…

pension; form of payment A. Under municipal fire member coverage plan 1, the amount of pension under form of payment A is equal to two percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary. …

contribution rate. A member under municipal fire member coverage plan 1 shall contribute eight percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 1 becomes applicable to the member, except that a member whose annual…

employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 1: A. prior to July 1, 2022, eleven and sixty-five hundredths percent of salary; B. b…

Municipal fire member coverage plan 2 is applicable to municipal fire members whose affiliated public employer has adopted municipal fire member coverage plan 2 for its municipal fire members. The affiliated public employer shall certify this adoption to the retirement board in t…

requirements for normal retirement. Under municipal fire member coverage plan 2: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years of credited…

pension; form of payment A. Under municipal fire member coverage plan 2: A. for a member with age and service requirements provided under Subsection A of Section 10-11-93 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final av…

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…

employer contribution rate. The affiliated public employer shall contribute the following percentages of the salary of each member it employs and covers under municipal fire member coverage plan 2: A. prior to July 1, 2022, eighteen and fifteen-hundredths percent of salary; B. be…

Municipal fire member coverage plan 3 is applicable to municipal fire members whose affiliated public employer has adopted municipal fire member coverage plan 3 for its municipal firefighters. The affiliated public employer shall certify this adoption to the retirement board in t…

requirements for normal retirement. Under municipal fire member coverage plan 3: A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are: (1) age sixty-five years or older and five or more years of credited…

Chapter 10, Article 11A NMSA 1978 may be cited as the "Volunteer Firefighters Retirement Act". History: Laws 1983, ch. 263, § 1; 2003, ch. 370, § 1.

As used in the Volunteer Firefighters Retirement Act: A. "association" means the public employees retirement association; B. "board" means the retirement board of the association; C. "fire department" means a fire department with volunteer members that is certified by the state f…

of funds from the fire protection fund. A. There is created the "volunteer firefighters retirement fund" in the state treasury. All annuities and benefits in lieu of annuities shall be paid from the fund as provided in the Volunteer Firefighters Retirement Act. B. Beginning in fi…

Act, program and funds by the board; annual actuarial evaluation. A. The provisions of the Volunteer Firefighters Retirement Act and the volunteer firefighters retirement program authorized under that act shall be administered by the board. The provisions of law relating to the a…

A. Any member who attains the age of fifty-five years and has twenty-five years or more of service credit shall be eligible to receive a retirement annuity of two hundred fifty dollars ($250), payable monthly from the fund during the remainder of the member's life. B. Any member …

A. A member may claim one year of service credit for each year in which a fire department certifies that the member: (1) attended fifty percent of all scheduled fire drills for which the fire department held the member responsible to attend; (2) attended fifty percent of all sche…

A member may designate a spouse or dependent child as a beneficiary. In the event a retirement annuitant dies, the surviving beneficiary shall receive an annuity equal to two-thirds of the retirement annuity being paid to the retirement annuitant at the time of death; provided th…

A. The change in law made by Laws 2003, Chapter 370, Section 2 eliminating a maximum age for a volunteer nonsalaried firefighter to establish a first year of service credit under the Volunteer Firefighters Retirement Act shall apply to a volunteer nonsalaried firefighter who was …

Sections 1 through 5 of this act may be cited as the "Firefighters' Survivors Supplemental Benefits Act". History: Laws 2007, ch. 149, § 1.

The legislature finds that firefighters throughout the state risk their lives daily to protect the residents of New Mexico. The legislature further finds that when firefighters are killed in the line of duty, their immediate families can suffer grievously, both emotionally and ec…

As used in the Firefighters' Survivors Supplemental Benefits Act: A. "firefighter" means any full- or part-time member or a volunteer member of a fire department that is part of or administered by the state or any political subdivision of the state and any red-carded firefighter …

The "firefighters' survivors fund" is created in the state treasury and shall be administered by the state fire marshal. The fund shall consist of all gifts, donations and bequests of money to the fund as well as any appropriations and distributions made to the fund. Earnings fro…

committee; determination; payment. A. There is created the "firefighters' survivors supplemental death benefits review committee". The committee shall consist of the attorney general or the attorney general's designee and the fire services council. B. The firefighters' survivors …

Chapter 10, Article 12B NMSA 1978 may be cited as the "Judicial Retirement Act". History: Laws 1992, ch. 111, § 1; 2011, ch. 178, § 7.

A. On and after July 1, 2014, members, while in office, shall contribute ten and one- half percent of salary to the member contribution fund. B. Upon implementation, the state, acting as employer of members covered pursuant to the provisions of the Judicial Retirement Act, shall,…

A. The member's court shall contribute fifteen percent of salary to the fund for each member in office. B. Thirty-eight dollars ($38.00) from each civil case docket fee paid in the district court, twenty-five dollars ($25.00) from each civil docket fee paid in metropolitan court …

A. Any member who initially became a member prior to July 1, 2005 and has not less than eighteen years of service credit may elect to retire at any time between age fifty and age sixty and receive a monthly pension that is one-twelfth of the following formula: Salary received dur…