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 10-11-55.5 - Municipal general member coverage plan 3; member contribution rate.

Section 10-11-55.5 - Municipal general member coverage plan 3; member contribution rate.

10-11-55.5. Municipal general member coverage plan 3; member contribution rate.

A member under municipal general member coverage plan 3 shall contribute thirteen and fifteen one-hundredths percent of salary starting with the first full pay period in the calendar month in which coverage plan 3 becomes applicable to the member.