New Mexico Statutes 10-11-55.12. Municipal general member coverage plan 4; 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 4:
A. prior to July 1, 2022, twelve and three-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, twelve and eight- tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, thirteen and three- tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, thirteen and eight- tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, fourteen and three-tenths percent of salary.