Section 10-12B-16 - Group insurance; continuation. - New Mexico Statutes

10-12B-16. Group insurance; continuation.

If the provisions of the Retiree Health Care Act [10-7C-1 NMSA 1978] do not apply to a retired member, that retired member may continue to be insured under the provisions of any state group insurance plan in effect at the time of retirement or under the terms of any separate subsequent state group insurance plan, if the retired member pays the entire periodic premium charges for such insurance and consents to have the periodic premium charges deducted from the retired member's pension.