New Mexico Statutes 10-11-49. Municipal general member coverage plan 1; affiliated public employer contribution rate
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An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 1:
A. prior to July 1, 2022, seven and sixty-five hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, eight and fifteen- hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, eight and sixty-five hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, nine and fifteen- hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, nine and sixty-five hundredths percent of salary.