{"data":{"id":"us-nm/10-11-54","jurisdiction":"us-nm","citation":"10-11-54","heading":"Municipal general member coverage plan 2; member contribution rate.","body":"A member under municipal general member coverage plan 2 shall contribute nine and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general member coverage plan 2 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, ten and sixty-five hundredths percent of salary;\nB. beginning July 1, 2022 and continuing through June 30, 2023, eleven and fifteen-hundredths percent of salary;\nC. beginning July 1, 2023 and continuing through June 30, 2024, eleven and sixty-five hundredths percent of salary;\nD. beginning July 1, 2024 and continuing through June 30, 2025, twelve and fifteen-hundredths percent of salary; and\nE. beginning July 1, 2025 and thereafter, twelve and sixty-five hundredths 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":"507f98d102271aab647c760ab57c061ea24aa4743709f24752515610129113b6","source_id":"us-nm","stale":false,"prev":"us-nm/10-11-53","next":"us-nm/10-11-55"},"notice":"GroundRules: Original legal text. Not legal advice."}