Section 10-11-26.6 - State general member coverage plan 3; state contribution rate. - New-mexico Statutes

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10-11-26.6. State general member coverage plan 3; state contribution rate.

The state shall contribute sixteen and fifty-nine hundredths percent of the salary of each member covered by state general member coverage plan 3 starting with the first pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member, except that, from July 1, 2009 through June 30, 2011, for members whose annual salary is greater than twenty thousand dollars ($20,000), the state contribution rate shall be fifteen and nine hundredths percent of the salary of each member.

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-26-6

10-11-26.6. State general member coverage plan 3; state contribution rate.

The state shall contribute sixteen and fifty-nine hundredths percent of the salary of each member covered by state general member coverage plan 3 starting with the first pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member, except that, from July 1, 2009 through June 30, 2011, for members whose annual salary is greater than twenty thousand dollars ($20,000), the state contribution rate shall be fifteen and nine hundredths percent of the salary of each member.

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State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-26-6

10-11-26.6. State general member coverage plan 3; state contribution rate.

The state shall contribute sixteen and fifty-nine hundredths percent of the salary of each member covered by state general member coverage plan 3 starting with the first pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member, except that, from July 1, 2009 through June 30, 2011, for members whose annual salary is greater than twenty thousand dollars ($20,000), the state contribution rate shall be fifteen and nine hundredths percent of the salary of each member.