22-11-25.2. Persons receiving retirement benefits pursuant to the
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/nm/chapter-22-public-schools/article-11-educational-retirement/22-11-25-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Public Employees Retirement Act.
A. An employee who is retired pursuant to the Public Employees Retirement Act [Chapter 10, Article 11 NMSA 1978] and who has not suspended retirement benefits received pursuant to that act shall not make contributions to the fund as otherwise required by the Educational Retirement Act. A local administrative unit that employs such a retiree shall make contributions to the fund as required by that act.
B. An employee who receives retirement benefits pursuant to the Public Employees Retirement Act is not entitled to acquire or purchase service credit for the period of employment with a local administrative unit.
History: Laws 2003, ch. 248, § 1; 2019, ch. 258, § 4; 2020, ch. 10, § 3.