State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-23

10-11-23. State general member coverage plan 2; amount of pension; form of payment A.

Under state general member coverage plan 2, the amount of pension under form of payment A is equal to two and one-half percent of final average salary multiplied by credited service. The amount shall not exceed seventy-five percent of the final average salary.   

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-23

10-11-23. State general member coverage plan 2; amount of pension; form of payment A.

Under state general member coverage plan 2, the amount of pension under form of payment A is equal to two and one-half percent of final average salary multiplied by credited service. The amount shall not exceed seventy-five percent of the final average salary.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-23

10-11-23. State general member coverage plan 2; amount of pension; form of payment A.

Under state general member coverage plan 2, the amount of pension under form of payment A is equal to two and one-half percent of final average salary multiplied by credited service. The amount shall not exceed seventy-five percent of the final average salary.