{"data":{"id":"us-nm/22-11-50","jurisdiction":"us-nm","citation":"22-11-50","heading":"Alternative retirement plan; tax treatment.","body":"The board shall have the authority to determine whether the alternative retirement plan shall be qualified under Section 401(a) or 403(a) of the Internal Revenue Code of 1986, as amended, and shall make that determination based upon which choice is most advantageous to the participants as a whole.","path":["Chapter 22 - Public Schools","ARTICLE 11 Educational Retirement"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18522/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1cb708fafbfc24511798ca331bc3df53064c8060d06820dc203f13a5d3355592","source_id":"us-nm","stale":false,"prev":"us-nm/22-11-49","next":"us-nm/22-11-51"},"notice":"GroundRules: Original legal text. Not legal advice."}