Statutes > New Mexico Statutes > Chapter 10 - Public Officers and Employees. > Article 11 - Retirement of Public Officers and Employees Generally, 10-11-1 through 10-11-142. > Section 10-11-18 - State general member coverage plan 1; final average salary.

Section 10-11-18 - State general member coverage plan 1; final average salary.

10-11-18. State general member coverage plan 1; final average salary.

Under state general member coverage plan 1, 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 state general member coverage plan 1, if a member has less than thirty-six months of credited service, 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.