Municipal fire member coverage plan 5; member contribution rate
NMSA 1978, § 10-11-114
in effect10-11-114. Municipal fire member coverage plan 5; member contribution rate
A member under municipal fire member coverage plan 5 shall contribute sixteen and two-tenths percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 5 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. beginning July 1, 2021 and continuing through June 30, 2022, nineteen and two-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, nineteen and seven-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, twenty and two-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, twenty and seven-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, twenty-one and two-tenths percent of salary.
Laws 1987, ch. 253, § 114; 1998, ch. 114, § 9; 2013, ch. 225, § 85; 2020, ch. 11, § 56; 2021, ch. 38, § 6.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do#!b/10-11-114Fetched: 10/20/2026