AN ACT

RELATING TO PUBLIC EMPLOYEES; INCREASING AFFILIATED EMPLOYER AND MUNICIPAL FIRE MEMBER CONTRIBUTIONS TO PUBLIC EMPLOYEES RETIREMENT.



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

Section 1. Section 10-11-90 NMSA 1978 (being Laws 1987, Chapter 253, Section 90) 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 of salary."

Section 2. Section 10-11-91 NMSA 1978 (being Laws 1987, Chapter 253, Section 91) 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 of the salary of each member whom it employs and covers under municipal fire member coverage plan 1."

Section 3. Section 10-11-96 NMSA 1978 (being Laws 1987, Chapter 253, Section 96) 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 of salary."

Section 4. Section 10-11-97 NMSA 1978 (being Laws 1987, Chapter 253, Section 97) 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 of the salary of each member whom it employs and covers under municipal fire member coverage plan 2."

Section 5. Section 10-11-102 NMSA 1978 (being Laws 1987, Chapter 253, Section 102) 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 of salary."

Section 6. Section 10-11-103 NMSA 1978 (being Laws 1987, Chapter 253, Section 103) 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 of the salary of each member whom it employs and covers under municipal fire member coverage plan 3."

Section 7. Section 10-11-108 NMSA 1978 (being Laws 1987, Chapter 253, Section 108) 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 of salary."

Section 8. Section 10-11-109 NMSA 1978 (being Laws 1987, Chapter 253, Section 109) 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 of the salary of each member whom it employs and covers under municipal fire member coverage plan 4."

Section 9. Section 10-11-114 NMSA 1978 (being Laws 1987, Chapter 253, Section 114) 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 of salary."

Section 10. Section 10-11-115 NMSA 1978 (being Laws 1987, Chapter 253, Section 115) 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 of the salary of each member whom it employs and covers under municipal fire member coverage plan 5."