0001| HOUSE BILL 1154 | 0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997 | 0003| INTRODUCED BY | 0004| JUDY VANDERSTAR RUSSELL | 0005| | 0006| | 0007| | 0008| | 0009| | 0010| AN ACT | 0011| RELATING TO MUNICIPAL EMPLOYEE RETIREMENT; ENACTING NEW | 0012| SECTIONS OF THE NMSA 1978 TO PROVIDE FOR A MUNICIPAL GENERAL | 0013| MEMBER PLAN 4. | 0014| | 0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0016| Section 1. A new Section 10-11-55.7 NMSA 1978 is enacted | 0017| to read: | 0018| "10-11-55.7. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0019| COVERAGE PLAN 4--APPLICABILITY.--Municipal general member | 0020| coverage plan 4 is applicable to a designated group of | 0021| municipal general members the first day of the calendar month | 0022| following an affirmative vote by the majority of the municipal | 0023| general members in a designated group. A designated group may | 0024| be all members employed by the affiliated public employer, an | 0025| organizational group whose compensation is established by | 0001| negotiated contract or all members employed by the affiliated | 0002| public employer, whose compensation is not established by | 0003| negotiated contract. The election shall be conducted by the | 0004| retirement board in accordance with the procedures adopted by | 0005| the retirement board. The procedures shall afford all | 0006| municipal general members who are part of the designated group | 0007| an opportunity to vote. A new election for coverage by | 0008| municipal general member coverage plan 4 shall not be held | 0009| prior to the expiration of six months following the date of an | 0010| election that failed to adopt municipal general member coverage | 0011| plan 4. An election adopting municipal general member coverage | 0012| plan 4 is irrevocable for the purpose of subsequently adopting | 0013| a coverage plan that would decrease employer or employee | 0014| contributions with respect to all current and future municipal | 0015| general employees of the affiliated public employer who are | 0016| part of the designated group. All elections for the purpose of | 0017| adopting municipal general member coverage plan 4 shall take | 0018| place prior to July 1, 1998. Any election occurring after June | 0019| 30, 1998 shall be void." | 0020| Section 2. A new Section 10-11-55.8 NMSA 1978 is enacted | 0021| to read: | 0022| "10-11-55.8. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0023| COVERAGE PLAN 4--AGE AND SERVICE REQUIREMENTS FOR NORMAL | 0024| RETIREMENT.--Under municipal general member coverage plan 4, | 0025| the age and service requirements for normal retirement are: | 0001| A. age sixty-five years or older and five or more | 0002| years of credited service; | 0003| B. age sixty-four years and eight or more years of | 0004| credited service; | 0005| C. age sixty-three years and eleven or more years | 0006| of credited service; | 0007| D. age sixty-two years and fourteen or more years | 0008| of credited service; | 0009| E. age sixty-one years and seventeen or more years | 0010| of credited service; | 0011| F. age sixty years and twenty or more years of | 0012| credited service; or | 0013| G. any age and twenty-five or more years of | 0014| credited service." | 0015| Section 3. A new Section 10-11-55.9 NMSA 1978 is enacted | 0016| to read: | 0017| "10-11-55.9. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0018| COVERAGE PLAN 4--AMOUNT OF PENSION--FORM OF PAYMENT A.--Under | 0019| municipal general member coverage plan 4, the amount of pension | 0020| under form of payment A is equal to three percent of the final | 0021| average salary multiplied by credited service. The amount | 0022| shall not exceed eighty percent of the final average salary." | 0023| Section 4. A new Section 10-11-55.10 NMSA 1978 is enacted | 0024| to read: | 0025| "10-11-55.10. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0001| COVERAGE PLAN 4--FINAL AVERAGE SALARY.--Under municipal general | 0002| member coverage plan 4, the final average salary is one thirty- | 0003| sixth of the greatest aggregate amount of salary paid a member | 0004| for thirty-six consecutive months of credited service. Under | 0005| municipal general member coverage plan 4, if a member has less | 0006| than thirty-six months of credited service, the final average | 0007| salary is the aggregate amount of salary paid a member for the | 0008| member's period of credited service divided by the member's | 0009| credited service." | 0010| Section 5. A new Section 10-11-55.11 NMSA 1978 is enacted | 0011| to read: | 0012| "10-11-55.11. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0013| COVERAGE PLAN 4--MEMBER CONTRIBUTION RATE.--A member under | 0014| municipal general member coverage plan 4 shall contribute | 0015| fifteen and sixty-five hundredths percent of salary starting | 0016| with the first full pay period in the calendar month in which | 0017| coverage plan 4 becomes applicable to the member." | 0018| Section 6. A new Section 10-11-55.12 NMSA 1978 is enacted | 0019| to read: | 0020| "10-11-55.12. [NEW MATERIAL] MUNICIPAL GENERAL MEMBER | 0021| COVERAGE PLAN 4--AFFILIATED PUBLIC EMPLOYER CONTRIBUTION RATE.- | 0022| -An affiliated public employer shall contribute eleven and | 0023| sixty-five hundredths percent of the salary of each member it | 0024| employs and who is covered under municipal general member | 0025| coverage plan 4."B | 0001| State of New Mexico | 0002| House of Representatives | 0003| | 0004| FORTY-THIRD LEGISLATURE | 0005| FIRST SESSION, 1997 | 0006| | 0007| | 0008| March 15, 1997 | 0009| | 0010| | 0011| Mr. Speaker: | 0012| | 0013| Your LABOR AND HUMAN RESOURCES COMMITTEE, to | 0014| whom has been referred | 0015| | 0016| HOUSE BILL 1154 | 0017| | 0018| has had it under consideration and reports same with | 0019| recommendation that it DO PASS, and thence referred to the | 0020| APPROPRIATIONS AND FINANCE COMMITTEE. | 0021| | 0022| Respectfully submitted, | 0023| | 0024| | 0025| | 0001| | 0002| | 0003| Rick Miera, Chairman | 0004| | 0005| | 0006| Adopted Not Adopted | 0007| | 0008| (Chief Clerk) (Chief Clerk) | 0009| | 0010| Date | 0011| | 0012| The roll call vote was 6 For 0 Against | 0013| Yes: 6 | 0014| Excused: Foy, Gentry | 0015| Absent: None | 0016| | 0017| | 0018| G:\BILLTEXT\BILLW_97\H1154 State of New Mexico | 0019| House of Representatives | 0020| | 0021| FORTY-THIRD LEGISLATURE | 0022| FIRST SESSION, 1997 | 0023| | 0024| | 0025| March 18, 1997 | 0001| | 0002| | 0003| Mr. Speaker: | 0004| | 0005| Your APPROPRIATIONS AND FINANCE COMMITTEE, to | 0006| whom has been referred | 0007| | 0008| HOUSE BILL 1154 | 0009| | 0010| has had it under consideration and reports same with | 0011| recommendation that it DO PASS. | 0012| | 0013| Respectfully submitted, | 0014| | 0015| | 0016| | 0017| | 0018| | 0019| Max Coll, Chairman | 0020| | 0021| | 0022| Adopted Not Adopted | 0023| | 0024| (Chief Clerk) (Chief Clerk) | 0025| | 0001| Date | 0002| | 0003| The roll call vote was 15 For 0 Against | 0004| Yes: 15 | 0005| Excused: Heaton, Salazar | 0006| Absent: None | 0007| | 0008| | 0009| G:\BILLTEXT\BILLW_97\H1154 | 0010| | 0011| FORTY-THIRD LEGISLATURE | 0012| FIRST SESSION, 1997 | 0013| | 0014| | 0015| March 21, 1997 | 0016| | 0017| Mr. President: | 0018| | 0019| Your PUBLIC AFFAIRS COMMITTEE, to whom has been | 0020| referred | 0021| | 0022| HOUSE BILL 1154 | 0023| | 0024| has had it under consideration and reports same with | 0025| recommendation that it DO PASS. | 0001| | 0002| Respectfully submitted, | 0003| | 0004| | 0005| | 0006| | 0007| __________________________________ | 0008| Shannon Robinson, Chairman | 0009| | 0010| | 0011| | 0012| Adopted_______________________ Not | 0013| Adopted_______________________ | 0014| (Chief Clerk) (Chief Clerk) | 0015| | 0016| | 0017| Date ________________________ | 0018| | 0019| | 0020| The roll call vote was 4 For 2 Against | 0021| Yes: 4 | 0022| No: Feldman, Rodarte | 0023| Excused: Adair, Ingle, Smith | 0024| Absent: None | 0025| | 0001| | 0002| | 0003| | 0004| H1154PA1 |