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 10-11-47 - Municipal general member coverage plan 1; final average salary. (Repealed effective July 1, 2011.)

Section 10-11-47 - Municipal general member coverage plan 1; final average salary. (Repealed effective July 1, 2011.)

10-11-47. Municipal general member coverage plan 1; final average salary. (Repealed effective July 1, 2011.)

Under municipal general member coverage plan 1, 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 1 for a member having 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.