Section 10-11-91 - Municipal fire member coverage plan 1; affiliated public employer contribution rate.

NM Stat § 10-11-91 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

The affiliated public employer shall contribute eleven and sixty-five hundredths percent of the salary of each member it employs and covers under municipal fire member coverage plan 1.

History: Laws 1987, ch. 253, § 91; 1998, ch. 114, § 2; 2013, ch. 225, § 70; 2019, ch. 237, § 12.

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

The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute eleven", added "and four-tenths"; and after "coverage plan 1", 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.

The 1998 amendment, effective May 20, 1998, substituted "eleven" for "ten" near the beginning and substituted "whom" for "which" near the end of the section.