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 — Laws 1987, Chapter 253 repealed former 10-11-35 NMSA 1978, as amended by Laws 1985 (1st S.S.), ch. 10, § 6, relating to survivors' benefit fund, and enacted a new section, effective July 1,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.
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