Section 10-11-63 - Municipal police member coverage plan 2; age and service requirements for normal retirement.

NM Stat § 10-11-63 (2019) (N/A)

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Under municipal police coverage plan 2:

A. for a member who was a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:

(1) age sixty-five years or older and five or more years of credited service;

(2) age sixty-four years and eight or more years of credited service;

(3) age sixty-three years and eleven or more years of credited service;

(4) age sixty-two years and fourteen or more years of credited service;

(5) age sixty-one years and seventeen or more years of credited service;

(6) age sixty years and twenty or more years of credited service; or

(7) any age and twenty-five or more years of credited service; and

B. for a member who was not a retired member or a member on June 30, 2013, the age and service requirements for normal retirement are:

(1) age sixty years or older and six or more years of service credit; or

(2) any age and twenty-five or more years of service credit.

History: Laws 1987, ch. 253, § 63; 2013, ch. 225, § 51.

The 2013 amendment, effective July 1, 2013, increased the age and service requirements for normal retirement of members who retire after June 30, 2013; in Subsection A, in the introductory sentence, added "for a member who was a retired member or a member on June 30, 2013"; and added Subsection B.

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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Section 10-11-62 - Municipal police member coverage plan 2; applicability.

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Section 10-11-64 - Municipal police member coverage plan 2; amount of pension; form of payment A.