State legislator member coverage plan 1; state contribution rate.

  1. Law
  2. New Mexico Statutes
  3. Public Officers and Employees
  4. Retirement of Public Officers and Employees Generally
  5. State legislator member coverage plan 1; state contribution rate.

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The state shall contribute amounts sufficient to finance the membership of members under state legislator member coverage plan 1 on an actuarial reserve basis.

History: Laws 1987, ch. 253, § 43.

ANNOTATIONS

Legislative retirement plan does not violate constitution. — The retirement benefits for which legislators may be eligible under the legislative retirement plan do not constitute legislative compensation; accordingly, the plan does not violate N.M. Const. art IV, § 10. State ex rel. Udall v. Public Emps. Ret. Bd., 1995-NMSC-078, 120 N.M. 786, 907 P.2d 190, rev'g 1994-NMCA-094, 118 N.M. 507, 882 P.2d 548.


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