Section 10-11-112 - Municipal fire member coverage plan 5; amount of pension; form of payment A. - New Mexico Statutes

10-11-112. Municipal fire member coverage plan 5; amount of pension; form of payment A.

Under municipal fire member coverage plan 5, the amount of pension under form of payment A is equal to three and one-half percent of the final average salary multiplied by credited service. The amount shall not exceed eighty percent of the final average salary.