Section 10-7A-2 - Definitions. - New Mexico Statutes

10-7A-2. Definitions.

As used in the Deferred Compensation Act [10-7A-1 NMSA 1978]:   

A.     "board" means the public employees' retirement board;   

B.     "local public body" means all political subdivisions of the state, their agencies, instrumentalities and institutions;   

C.     "local public employee" means any officer or employee to whom a local public body pays a salary for services rendered;   

D.     "deferred compensation carriers" means any corporation, partnership or persons who provide investment options to participants in deferred compensation plans pursuant to funding agreements; and   

E.     "state employee" means any officer or employee to whom the state pays a salary for services rendered.