State general member coverage plan 3; member contribution rate
NMSA 1978, § 10-11-26.5
in effect10-11-26.5. State general member coverage plan 3; member contribution rate
A member under state general member coverage plan 3 shall contribute seven and forty-two hundredths percent of salary starting with the first full pay period that ends within the calendar month in which state general member coverage plan 3 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, 2020 and continuing through June 30, 2021, nine and forty-two hundredths percent of salary;
B. beginning July 1, 2021 and continuing through June 30, 2022, nine and ninety-two hundredths percent of salary;
C. beginning July 1, 2022 and continuing through June 30, 2023, ten and forty-two hundredths percent of salary; and
D. beginning July 1, 2023 and thereafter, ten and ninety-two hundredths percent of salary.
Laws 1994, ch. 128, § 6; 2009, ch. 127, § 1; 2011, ch. 178, § 1; 2013, ch. 225, § 12; 2020, ch. 11, § 5.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do#!b/10-11-26.5Fetched: 10/20/2026