New Mexico Code § 10-11-55.1

Municipal general member coverage plan 3; applicability
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applicability.
History: Laws 1998, ch. 106, § 4; repealed by Laws 2009, ch. 288, § 20.
Municipal general member coverage plan 3 is applicable to a designated group of
municipal general members the first day of the calendar month following an affirmative
vote by the majority of the municipal general members in a designated group. A
designated group may be all members employed by the affiliated public employer, an
organizational group whose compensation is established by negotiated contract or all
members employed by the affiliated public employer, whose compensation is not
established by negotiated contract. The election shall be conducted by the retirement
board in accordance with procedures adopted by the retirement board. The procedures
shall afford all municipal general members who are part of the designated group an
opportunity to vote. A new election for coverage by municipal general member coverage
plan 3 shall not be held prior to the expiration of six months following the date of an
election which failed to adopt municipal general member coverage plan 3. An election
adopting municipal general member coverage plan 3 is irrevocable for the purpose of
subsequently adopting a coverage plan that would decrease employer or employee
contributions with respect to all current and future municipal general employees of the
affiliated public employer who are part of the designated group. All elections for the
purpose of adopting municipal general member coverage plan 3 shall take place prior to
July 1, 1995. Any election occurring after June 30, 1995 shall be null, void and of no
effect.
History: 1978 Comp., § 10-11-55.1, enacted by Laws 1993, ch. 58, § 1.

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