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Municipal fire member coverage plan 2; amount of pension; form of payment A

NMSA 1978, § 10-11-94
in effect
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10-11-94. Municipal fire member coverage plan 2; amount of pension; form of payment A Under municipal fire member coverage plan 2: A. for a member with age and service requirements provided under Subsection A of Section 10-11-93 NMSA 1978, the amount of pension under form of payment A is equal to two 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 10-11-93 NMSA 1978, the amount of pension under form of payment A is equal to two percent of the final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary. Laws 1987, ch. 253, § 94; 2013, ch. 225, § 72; 2023, ch. 53, § 14.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do#!b/10-11-94Fetched: 10/20/2026

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