22-11-23.3. Retirement eligibility; initial membership on or after July
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/nm/chapter-22-public-schools/article-11-educational-retirement/22-11-23-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1, 2019.
A member who initially became a member on or after July 1, 2019 or a member who was a member before July 1, 2019 and had, before that date, been refunded all member contributions in accordance with Subsection A of Section 22-11-15 NMSA 1978 and had not restored all refunded contributions and interest before July 1, 2019, is eligible for retirement benefits when:
A. the member is any age and has thirty or more years of earned service credit;
B. the member is at least sixty-seven years of age and has five or more years of earned service credit; or
C. the sum of the member's age and years of earned service credit equals at least eighty.
History: 1978 Comp., § 22-11-23.3, enacted by Laws 2019, ch. 258, § 2.