44th legislature - STATE OF NEW MEXICO - second session, 2000

RELATING TO PUBLIC EMPLOYEES' RETIREMENT; EXPANDING THE APPLICABILITY OF THE STATE POLICE MEMBER COVERAGE PLAN 1; AMENDING A SECTION OF THE PUBLIC EMPLOYEES RETIREMENT ACT.

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

Section 1. Section 10-11-27 NMSA 1978 (being Laws 1987, Chapter 253, Section 27) is amended to read:

"10-11-27. STATE POLICE MEMBER COVERAGE PLAN 1--APPLICABILITY.--State police member coverage plan 1 is applicable to state police members who are not specifically covered by another coverage plan. The credited service of a state police member who has held the permanent rank of patrolman, [or] sergeant, lieutenant or captain and does not hold an exempt rank or who is assigned to the aircraft division as a pilot shall have actual credited service increased by twenty percent for the purposes of state police member coverage plan 1."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2000.