New Mexico Statutes 10-11-29. State police member, correctional officer member and probation and parole officer member coverage plan 1; amount of pension; form of payment A
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Under state police member, correctional officer member and probation and parole officer member coverage plan 1, the amount of pension under form of payment A is equal to three percent of final average salary multiplied by credited service. The amount shall not exceed one hundred percent of the final average salary.
Terms Used In New Mexico Statutes 10-11-29
- Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.