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Section 10-11-102 - Municipal fire member coverage plan 3; member contribution rate.

NM Stat § 10-11-102 (2019) (N/A)
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A member under municipal fire member coverage plan 3 shall contribute eight percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty thousand dollars ($20,000) shall contribute nine and one-half percent of salary.

History: Laws 1987, ch. 253, § 102; 1998, ch. 114, § 5; 2013, ch. 225, § 77.

The 2013 amendment, effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section, which provided for employee contributions at a rate of eight percent of salary; and added the current language.

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.

The 1998 amendment, effective May 20, 1998, substituted "eight" for "seven" near the end of the section.

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Section 10-11-100 - Municipal fire member coverage plan 3; amount of pension; form of payment A.
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Section 10-11-103 - Municipal fire member coverage plan 3; affiliated public employer contribution rate.