N.M. Admin. Code § 2.83.200.20

Current through Register Vol. 35, No. 23, December 10, 2024

Section 2.83.200.20 - EXPENSES OF ADMINISTRATION

Expenses related to the investment of the judicial retirement fund and administration of the Judicial Retirement Act shall be paid from the fund. Such expenses shall include:

A. the cost of annual and special actuarial valuations necessary to determine the contribution rate required to support plan benefits in accordance with the plan's funding objectives; special actuarial valuations may also be necessary to measure the impact of proposed legislation;

B. the cost of an annual independent audit of the fund's financial statements;

C. the cost of investment management services as determined by the board;

D. the cost of administration of benefit provisions in the same proportion as the proportion of JRA members to members of the association; and

E. any other expenses associated with the administration of the fund as determined by the board.

N.M. Admin. Code § 2.83.200.20

10-15-97; 2.83.200.20 NMAC - Rn, 2 NMAC 83.200.20, 12-28-00