Section 10-11-38.5 - State hazardous duty member coverage plan 2; member contribution rate. - New Mexico Statutes

10-11-38.5. State hazardous duty member coverage plan 2; member contribution rate.

A member under state hazardous duty member coverage plan 2 shall contribute four and seventy-eight hundredths percent of salary starting with the first full pay period that ends within the calendar month in which state hazardous duty member coverage plan 2 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 six and twenty-eight hundredths percent of salary.