Section 10-11-115.6 - Municipal detention officer member coverage plan 1; employer contribution rate.

NM Stat § 10-11-115.6 (2019) (N/A)
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The affiliated public employer shall contribute seventeen and three-tenths percent of the salary of each member under municipal detention officer member coverage plan 1 starting with the first pay period that ends within the calendar month in which municipal detention officer member coverage plan 1 becomes applicable to the member.

History: Laws 2003, ch. 268, § 7; 2013, ch. 225, § 90; 2019, ch. 237, § 17.

The 2019 amendment, effective July 1, 2019, increased employer contribution rates to the funds included under the Public Employees Retirement Act; after "shall contribute seventeen and", deleted "five hundredths" and added "three-tenths", and after "applicable to the member", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be sixteen and sixty-five hundredths percent of the salary of each member".

The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute", deleted "sixteen and sixty-five hundredths" and added "seventeen and five-hundredths"; and after "applicable to the member", added the remainder of the sentence.

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.