State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-88

10-11-88. Municipal fire member coverage plan 1; amount of pension; form of payment A.

Under municipal fire 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.   

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-88

10-11-88. Municipal fire member coverage plan 1; amount of pension; form of payment A.

Under municipal fire 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.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-10 > Article-11 > Section-10-11-88

10-11-88. Municipal fire member coverage plan 1; amount of pension; form of payment A.

Under municipal fire 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.