Section 10-11-26.5 - State general member coverage plan 3; member contribution rate. - New Mexico Statutes

10-11-26.5. State general member coverage plan 3; member contribution rate.

A member under state general member coverage plan 3 shall contribute seven and forty-two hundredths percent of salary starting with the first full pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member, except that, from July 1, 2009 through June 30, 2011, for members whose annual salary is greater than twenty thousand dollars ($20,000), the member contribution rate shall be eight and ninety-two hundredths percent of salary.