Under juvenile correctional officer member coverage plan 1, the amount of pension under form of payment A is equal to two and one-half percent of final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary. History: Laws 1987, ch. 253, § 35; 2013, ch. 225, § 22. Repeals and reenactments. — Laws 1987, Chapter 253 repealed former 10-11-35 NMSA 1978, as amended by Laws 1985 (1st S.S.), ch. 10, § 6, relating to survivors' benefit fund, and enacted a new section, effective July 1, 1987. The 2013 amendment, effective July 1, 2013, applied the amount of the pension under the member coverage plan 1 to juvenile correctional officers; in the title, deleted "State hazardous duty" and added "Juvenile correctional officer"; and at the beginning of the first sentence, after "Under", deleted "state hazardous duty" and added "juvenile correctional officer". Severability. — Laws 2013, ch. 225, § 93 provided that if any part or application of Laws 2013, ch. 225 is held invalid, the remainder or its application to other situations or persons shall not be affected.
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.