SENATE BILL 87

50th legislature - STATE OF NEW MEXICO - first session, 2011

INTRODUCED BY

George K. Munoz

AN ACT

RELATING TO PUBLIC EMPLOYEE RETIREMENT; INCREMENTALLY INCREASING THE EMPLOYER AND EMPLOYEE CONTRIBUTION RATES FOR CERTAIN RETIREMENT PLANS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. Section 10-11-26.5 NMSA 1978 (being Laws 1994, Chapter 128, Section 6, as amended) is amended to read:

     "10-11-26.5. STATE GENERAL MEMBER COVERAGE PLAN 3--MEMBER CONTRIBUTION RATE.--A member under state general member coverage plan 3 shall contribute [seven and forty-two hundredths percent] a percentage of salary [starting with the first full pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member] pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be seven and forty-two hundredths percent of salary, 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 eight and ninety-two hundredths percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be eight and nine-hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be eight and seventy-six hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be nine and forty-three hundredths percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be ten and nine-hundredths percent of salary."

     SECTION 2. Section 10-11-26.6 NMSA 1978 (being Laws 1994, Chapter 128, Section 7, as amended) is amended to read:

     "10-11-26.6. STATE GENERAL MEMBER COVERAGE PLAN 3--STATE CONTRIBUTION RATE.--The state shall contribute [sixteen and fifty-nine hundredths percent] a percentage of the salary of each member covered by state general member coverage plan 3 [starting with the first pay period that ends within the calendar month in which state general member coverage plan 3 becomes applicable to the member] pursuant to the following schedule:

          A. through June 30, 2011, the state contribution rate shall be sixteen and fifty-nine hundredths percent of the salary of each 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 state contribution rate shall be fifteen and nine-hundredths percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the state contribution rate shall be seventeen and ninety-two hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the state contribution rate shall be nineteen and twenty-five hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the state contribution rate shall be twenty and fifty-eight hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the state contribution rate shall be twenty-one and ninety-two hundredths percent of the salary of each member."

     SECTION 3. Section 10-11-60 NMSA 1978 (being Laws 1987, Chapter 253, Section 60) is amended to read:

     "10-11-60. MUNICIPAL POLICE MEMBER COVERAGE PLAN 1--MEMBER CONTRIBUTION RATE.--A member under municipal police member coverage plan 1 shall contribute [seven percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be seven percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be seven and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be eight and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be nine and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be nine and sixty-seven hundredths percent of salary."

     SECTION 4. Section 10-11-61 NMSA 1978 (being Laws 1987, Chapter 253, Section 61) is amended to read:

     "10-11-61. MUNICIPAL POLICE MEMBER COVERAGE PLAN 1--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [ten percent] a percentage of the salary of each member [which] who it employs and who is covered under municipal police member coverage plan 1 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be ten percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be eleven and thirty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twelve and sixty-six hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be thirteen and ninety-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be fifteen and thirty-three hundredths percent of the salary of each member."

     SECTION 5. Section 10-11-66 NMSA 1978 (being Laws 1987, Chapter 253, Section 66) is amended to read:

     "10-11-66. MUNICIPAL POLICE MEMBER COVERAGE PLAN 2--MEMBER CONTRIBUTION RATE.--A member under municipal police member coverage plan 2 shall contribute [seven percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be seven percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be seven and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be eight and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be nine and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be nine and sixty-seven hundredths percent of salary."

     SECTION 6. Section 10-11-67 NMSA 1978 (being Laws 1987, Chapter 253, Section 67) is amended to read:

     "10-11-67. MUNICIPAL POLICE MEMBER COVERAGE PLAN 2--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [fifteen percent] a percentage of the salary of each member [which] who it employs and who is covered under municipal police member coverage plan 2 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be fifteen percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be sixteen and thirty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be seventeen and sixty-six hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be eighteen and ninety-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty and thirty-three hundredths percent of the salary of each member."

     SECTION 7. Section 10-11-72 NMSA 1978 (being Laws 1987, Chapter 253, Section 72) is amended to read:

     "10-11-72. MUNICIPAL POLICE MEMBER COVERAGE PLAN 3--MEMBER CONTRIBUTION RATE.--A member under municipal police member coverage plan 3 shall contribute [seven percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be seven percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be seven and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be eight and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be nine and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be nine and sixty-seven hundredths percent of salary."

     SECTION 8. Section 10-11-73 NMSA 1978 (being Laws 1987, Chapter 253, Section 73) is amended to read:

     "10-11-73. MUNICIPAL POLICE MEMBER COVERAGE PLAN 3--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [eighteen and one-half percent] a percentage of the salary of each member [which] who it employs and who is covered under coverage municipal police member coverage plan 3 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be eighteen and one-half percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be nineteen and eighty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-one and sixteen-hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-two and forty-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-three and eighty-three hundredths percent of the salary of each member."

     SECTION 9. Section 10-11-78 NMSA 1978 (being Laws 1987, Chapter 253, Section 78) is amended to read:

     "10-11-78. MUNICIPAL POLICE MEMBER COVERAGE PLAN 4--MEMBER CONTRIBUTION RATE.--A member under municipal police member coverage plan 4 shall contribute [twelve and thirty-five one-hundredths percent] a percentage of salary starting with the first full pay period in the calendar month in which municipal police member coverage plan 4 becomes applicable to the member pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be twelve and thirty-five hundredths percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be thirteen and two-hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be thirteen and sixty-nine hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be fourteen and thirty-six hundredths percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be fifteen and two-hundredths percent of salary."

     SECTION 10. Section 10-11-79 NMSA 1978 (being Laws 1987, Chapter 253, Section 79) is amended to read:

     "10-11-79. MUNICIPAL POLICE MEMBER COVERAGE PLAN 4--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [eighteen and one-half percent] a percentage of the salary of each member [which] who it employs and who is covered under municipal police member coverage plan 4 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be eighteen and one-half percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be nineteen and eighty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-one and sixteen-hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-two and forty-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-three and eighty-three hundredths percent of the salary of each member."

     SECTION 11. Section 10-11-84 NMSA 1978 (being Laws 1987, Chapter 253, Section 84) is amended to read:

     "10-11-84. MUNICIPAL POLICE MEMBER COVERAGE PLAN 5--MEMBER CONTRIBUTION RATE.--A member under municipal police member coverage plan 5 shall contribute [sixteen and three-tenths percent] a percentage of salary starting with the first full pay period in the calendar month in which municipal police member coverage plan 5 becomes applicable to the member pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be sixteen and three-tenths percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be sixteen and ninety-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be seventeen and sixty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be eighteen and thirty-one hundredths percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be eighteen and ninety-seven hundredths percent of salary."

     SECTION 12. Section 10-11-85 NMSA 1978 (being Laws 1987, Chapter 253, Section 85) is amended to read:

     "10-11-85. MUNICIPAL POLICE MEMBER COVERAGE PLAN 5--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [eighteen and one-half percent] a percentage of the salary of each member [which] who it employs and who is covered under municipal police member coverage plan 5 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be eighteen and one-half percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be nineteen and eighty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-one and sixteen-hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-two and forty-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-three and eighty-three hundredths percent of the salary of each member."

     SECTION 13. Section 10-11-90 NMSA 1978 (being Laws 1987, Chapter 253, Section 90, as amended) is amended to read:

     "10-11-90. MUNICIPAL FIRE MEMBER COVERAGE PLAN 1--MEMBER CONTRIBUTION RATE.--A member under municipal fire member coverage plan 1 shall contribute [eight percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be eight percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be eight and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be nine and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be ten and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be ten and sixty-seven hundredths percent of salary."

     SECTION 14. Section 10-11-91 NMSA 1978 (being Laws 1987, Chapter 253, Section 91, as amended) is amended to read:

     "10-11-91. MUNICIPAL FIRE MEMBER COVERAGE PLAN 1--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [eleven percent] a percentage of the salary of each member whom it employs and covers under municipal fire member coverage plan 1 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be eleven percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be twelve and thirty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be thirteen and sixty-six hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be fourteen and ninety-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be sixteen and thirty-three hundredths percent of the salary of each member."

     SECTION 15. Section 10-11-96 NMSA 1978 (being Laws 1987, Chapter 253, Section 96, as amended) is amended to read:

     "10-11-96. MUNICIPAL FIRE MEMBER COVERAGE PLAN 2--MEMBER CONTRIBUTION RATE.--A member under municipal fire member coverage plan 2 shall contribute [eight percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be eight percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be eight and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be nine and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be ten and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be ten and sixty-seven hundredths percent of salary."

     SECTION 16. Section 10-11-97 NMSA 1978 (being Laws 1987, Chapter 253, Section 97, as amended) is amended to read:

     "10-11-97. MUNICIPAL FIRE MEMBER COVERAGE PLAN 2--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [seventeen and one-half percent] a percentage of the salary of each member whom it employs and covers under municipal fire member coverage plan 2 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be seventeen and one-half percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be eighteen and eighty-three hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty and sixteen-hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-one and forty-nine hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-two and eighty-three hundredths percent of the salary of each member."

     SECTION 17. Section 10-11-102 NMSA 1978 (being Laws 1987, Chapter 253, Section 102, as amended) is amended to read:

     "10-11-102. MUNICIPAL FIRE MEMBER COVERAGE PLAN 3--MEMBER CONTRIBUTION RATE.--A member under municipal fire member coverage plan 3 shall contribute [eight percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be eight percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be eight and sixty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be nine and thirty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be ten and one-hundredth percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be ten and sixty-seven hundredths percent of salary."

     SECTION 18. Section 10-11-103 NMSA 1978 (being Laws 1987, Chapter 253, Section 103, as amended) is amended to read:

     "10-11-103. MUNICIPAL FIRE MEMBER COVERAGE PLAN 3--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [twenty-one and twenty-five one-hundredths percent] a percentage of the salary of each member whom it employs and covers under municipal fire member coverage plan 3 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be twenty-one and twenty-five hundredths percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be twenty-two and fifty-eight hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-three and ninety-one hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-five and twenty-four hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-six and fifty-eight hundredths percent of the salary of each member."

     SECTION 19. Section 10-11-108 NMSA 1978 (being Laws 1987, Chapter 253, Section 108, as amended) is amended to read:

     "10-11-108. MUNICIPAL FIRE MEMBER COVERAGE PLAN 4--MEMBER CONTRIBUTION RATE.--A member under municipal fire member coverage plan 4 shall contribute [twelve and eight-tenths percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be twelve and eight-tenths percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be thirteen and forty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be fourteen and fourteen-hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be fourteen and eighty-one hundredths percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be fifteen and forty-seven hundredths percent of salary."

     SECTION 20. Section 10-11-109 NMSA 1978 (being Laws 1987, Chapter 253, Section 109, as amended) is amended to read:

     "10-11-109. MUNICIPAL FIRE MEMBER COVERAGE PLAN 4--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [twenty-one and twenty-five one-hundredths percent] a percentage of the salary of each member whom it employs and covers under municipal fire member coverage plan 4 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be twenty-one and twenty-five hundredths percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be twenty-two and fifty-eight hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-three and ninety-one hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-five and twenty-four hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-six and fifty-eight hundredths percent of the salary of each member."

     SECTION 21. Section 10-11-114 NMSA 1978 (being Laws 1987, Chapter 253, Section 114, as amended) is amended to read:

     "10-11-114. MUNICIPAL FIRE MEMBER COVERAGE PLAN 5--MEMBER CONTRIBUTION RATE.--A member under municipal fire member coverage plan 5 shall contribute [sixteen and two-tenths percent] a percentage of salary pursuant to the following schedule:

          A. through June 30, 2011, the member contribution rate shall be sixteen and two-tenths percent of salary;

          B. from July 1, 2011 through June 30, 2012, the member contribution rate shall be sixteen and eighty-seven hundredths percent of salary;

          C. from July 1, 2012 through June 30, 2013, the member contribution rate shall be seventeen and fifty-four hundredths percent of salary;

          D. from July 1, 2013 through June 30, 2014, the member contribution rate shall be eighteen and twenty-one hundredths percent of salary; and

          E. on and after July 1, 2014, the member contribution rate shall be eighteen and eighty-seven hundredths percent of salary."

     SECTION 22. Section 10-11-115 NMSA 1978 (being Laws 1987, Chapter 253, Section 115, as amended) is amended to read:

     "10-11-115. MUNICIPAL FIRE MEMBER COVERAGE PLAN 5--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.--The affiliated public employer shall contribute [twenty-one and twenty-five one-hundredths percent] a percentage of the salary of each member whom it employs and covers under municipal fire member coverage plan 5 pursuant to the following schedule:

          A. through June 30, 2011, the contribution rate shall be twenty-one and twenty-five hundredths percent of the salary of each member;

          B. from July 1, 2011 through June 30, 2012, the contribution rate shall be twenty-two and fifty-eight hundredths percent of the salary of each member;

          C. from July 1, 2012 through June 30, 2013, the contribution rate shall be twenty-three and ninety-one hundredths percent of the salary of each member;

          D. from July 1, 2013 through June 30, 2014, the contribution rate shall be twenty-five and twenty-four hundredths percent of the salary of each member; and

          E. on and after July 1, 2014, the contribution rate shall be twenty-six and fifty-eight hundredths percent of the salary of each member."

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