N.M. Stat. § 10-11-85

Current through 2024, ch. 69

Section 10-11-85 - Municipal police member coverage plan 5; affiliated 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 of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, nineteen and sixty-five hundredths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, twenty and fifteen-hundredths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, twenty and sixty-five hundredths percent of salary; and

E. beginning July 1, 2025 and thereafter, twenty-one and fifteen-hundredths percent of salary.

NMS § 10-11-85

Laws 1987, ch. 253, § 85; 2013, ch. 225, § 66.

Amended by 2020, c. 11,s. 42, eff. 7/1/2020.

Amended by 2019, c. 237,s. 11, eff. 7/1/2019.

Amended by 2013, c. 225,s. 66, eff. 7/1/2013.