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New Mexico Statutes Chapter 10. Public Officers and Employees § 10-11-123. Funds of association

Current as of January 01, 2024 | Updated by Findlaw Staff

A. The accounting funds of the association are the “member contribution fund”, “employers accumulation fund”, “retirement reserve fund” and “income fund”. The maintenance of separate accounting funds shall not require the actual segregation of the assets of the association among the various funds.

B. The accounting funds provided for in Subsection A of this section are trust funds and shall be used only for the purposes provided in the Public Employees Retirement Act.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 10. Public Officers and Employees § 10-11-123. Funds of association - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-10-public-officers-and-employees/nm-st-sect-10-11-123/

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