Section 10-11-58 - Municipal police member coverage plan 1; amount of pension; form of payment A.
10-11-58. Municipal police member coverage plan 1; amount of pension; form of payment A.
Under municipal police member coverage plan 1, 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 sixty percent of the final average salary.
Scroll for next New Mexico statute…