{"data":{"id":"us-nm/10-11-48","jurisdiction":"us-nm","citation":"10-11-48","heading":"Municipal general member coverage plan 1; member contribution rate.","body":"A member under municipal general member coverage plan 1 shall contribute seven percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 1 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:\nA. prior to July 1, 2022, eight and one-half percent of salary;\nB. beginning July 1, 2022 and continuing through June 30, 2023, nine percent of salary;\nC. beginning July 1, 2023 and continuing through June 30, 2024, nine and one-half percent of salary;\nD. beginning July 1, 2024 and continuing through June 30, 2025, ten percent of salary; and\nE. beginning July 1, 2025 and thereafter, ten and one-half percent of salary.","path":["Chapter 10 - Public Officers and Employees","ARTICLE 11 Retirement of Public Officers and Employees Generally"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"9e0e0794b67bed0605352dff2ba3a8fc632064ddae94a6dcaf6070d174d33670","source_id":"us-nm","stale":false,"prev":"us-nm/10-11-47","next":"us-nm/10-11-49"},"notice":"GroundRules: Original legal text. Not legal advice."}