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Current as of January 01, 2024 | Updated by FindLaw Staff
A. An employee who is retired pursuant to the Public Employees Retirement Act 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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 22. Public Schools § 22-11-25.2. Persons receiving retirement benefits pursuant to the Public Employees Retirement Act - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-22-public-schools/nm-st-sect-22-11-25-2/
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