New Mexico Statutes 10-11-61. Municipal police member coverage plan 1; affiliated public employer contribution rate
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The affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal police member coverage plan 1:
A. prior to July 1, 2022, ten and sixty-five hundredths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, eleven and fifteen- hundredths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, eleven and sixty- five hundredths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, twelve and fifteen- hundredths percent of salary; and
E. beginning July 1, 2025 and thereafter, twelve and sixty-five hundredths percent of salary.