Section 10-11-53 - Municipal general member coverage plan 2; final average salary. (Repealed effective July 1, 2011.) - New Mexico Statutes

10-11-53. Municipal general member coverage plan 2; final average salary. (Repealed effective July 1, 2011.)

Under municipal general member coverage plan 2, the final average salary is one thirty-sixth of the greatest aggregate amount of salary paid a member for thirty-six consecutive months of credited service. Under municipal general member coverage plan 2, if a member has less than thirty-six months of credited service, the final average salary is the aggregate amount of salary paid a member for the member's period of credited service divided by the member's credited service.