Section 10-11-115.2 - Municipal detention officer member coverage plan 1; age and service requirements for normal retirement; calculation of credited service. - New Mexico Statutes

10-11-115.2. Municipal detention officer member coverage plan 1; age and service requirements for normal retirement; calculation of credited service.

A.     Under municipal detention officer member coverage plan 1, the age and service requirements for normal retirement are:   

(1)     age sixty-five years or older and five or more years of credited service;   

(2)     age sixty-four years and eight or more years of credited service;   

(3)     age sixty-three years and eleven or more years of credited service;   

(4)     age sixty-two years and fourteen or more years of credited service;   

(5)     age sixty-one years and seventeen or more years of credited service;   

(6)     age sixty years and twenty or more years of credited service; or   

(7)     any age and twenty-five or more years of credited service.   

B.     In calculating credited service for the purposes of determining retirement eligibility and amount of pension, the credited service of a municipal detention officer member shall have actual credited service increased by twenty percent for the purposes of municipal detention officer member coverage plan 1.