New Mexico Statutes 10-11-55.6. Municipal general member coverage plan 3; affiliated public employer contribution rate
Current as of: 2024 | Check for updates
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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 3:
A. prior to July 1, 2022, nine and eight-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three- tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight- tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three- tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary.