Section 10-11-55.4 - Municipal general member coverage plan 3; final average salary. (Repealed effective July 1, 2011.) - New-mexico Statutes

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Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-55-4

10-11-55.4. Municipal general member coverage plan 3; final average salary. (Repealed effective July 1, 2011.)

Under municipal general member coverage plan 3, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive months of credited service. Under municipal general member coverage plan 3, if a member has less than thirty-six months of credited service, the final average salary is the aggregate amount of salary paid a member for the member's period of credited service divided by the member's credited service.

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-55-4

10-11-55.4. Municipal general member coverage plan 3; final average salary. (Repealed effective July 1, 2011.)

Under municipal general member coverage plan 3, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive months of credited service. Under municipal general member coverage plan 3, if a member has less than thirty-six months of credited service, the final average salary is the aggregate amount of salary paid a member for the member's period of credited service divided by the member's credited service.

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State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-55-4

10-11-55.4. Municipal general member coverage plan 3; final average salary. (Repealed effective July 1, 2011.)

Under municipal general member coverage plan 3, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive months of credited service. Under municipal general member coverage plan 3, if a member has less than thirty-six months of credited service, the final average salary is the aggregate amount of salary paid a member for the member's period of credited service divided by the member's credited service.