Section 10-11-22 - State general member coverage plan 2; age and service requirements for normal retirement.

NM Stat § 10-11-22 (2019) (N/A)

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Under state general member coverage plan 2, the age and service requirements for normal retirement are:

A. age sixty-five years or older and five or more years of credited service;

B. age sixty-four years and eight or more years of credited service;

C. age sixty-three years and eleven or more years of credited service;

D. age sixty-two years and fourteen or more years of credited service;

E. age sixty-one years and seventeen or more years of credited service;

F. age sixty years and twenty or more years of credited service; or

G. any age and twenty-five or more years of credited service.

History: Laws 1987, ch. 253, § 22.

Repeals and reenactments. — Laws 1987, Chapter 253 repealed former 10-11-22 NMSA 1978, as amended by Laws 1985 (1st S.S.), ch. 10, § 5, relating to superannuation retirement annuity, and enacted a new section, effective July 1, 1987.

Compiler's notes. — Laws 1987, ch. 95 purported to amend this section, but was not published because of the repeal and reenactment by Laws 1987, ch. 253.

Continuation of work for affiliated employer. — A state employee who filed an application for retirement with the public employees retirement association and commenced receiving a monthly annuity from the public employees retirement association but continues to work for an affiliated employer is not entitled to receive that annuity. 1987 Op. Att'y Gen. No. 87-14.

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Section 10-11-23 - State general member coverage plan 2; amount of pension; form of payment A.