Section 10-11-55.3 - Municipal general member coverage plan 3; amount of pension; form of payment A. - New Mexico Statutes

10-11-55.3. Municipal general member coverage plan 3; amount of pension; form of payment A.

Under municipal general member coverage plan 3, the amount of pension under form of payment A is equal to three percent of the final average salary multiplied by credited service.  The amount shall not exceed eighty percent of the final average salary.