GroundRules
10-11-82: Municipal police member coverage plan 5; amount of pension; form of payment A.
Where this section sits in the code
- Chapter 10 - Public Officers and Employees
- ARTICLE 11 Retirement of Public Officers and Employees Generally
Under municipal police member coverage plan 5:
A. for a member with age and service requirements provided under Subsection A of Section 10-11-81 NMSA 1978, the amount of pension under form of payment A is equal to three and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary; and
B. for a member with age and service requirements provided under Subsection B of Section 10-11-81 NMSA 1978, the amount of pension under form of payment A is equal to three percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
Collected 2026-09-03T15:02:19Z. Source file · JSON