State legislator member coverage plan 2 is applicable to state legislators who receive no salary for their legislative service and lieutenant governors who serve terms of office that end after December 31, 2002. To be covered under state legislator member coverage plan 2, a state legislator or lieutenant governor must elect to be a member no later than one hundred eighty days after first taking office or, for state legislators and the lieutenant governor serving on July 1, 2003, within one hundred eighty days of that date. History: Laws 2003, ch. 85, § 7. ANNOTATIONSEffective dates. — Laws 2003, ch. 85, § 14 made the act effective July 1, 2003. Temporary provisions. — Laws 2008, ch. 71, § 1, effective May 14, 2008, provided that notwithstanding the provisions of Sections 10-11-43.1 and 10-11-43.6 NMSA 1978, a legislator or lieutenant governor serving on July 1, 2009 shall be eligible for state legislator member coverage plan 2 if, by December 31, 2008, the legislator or lieutenant governor elects to become a member and: A. makes a contribution in an amount that, when added to previous contributions, totals five hundred dollars ($500) for each year of credited service earned prior ernor elects to become a member and: A. makes a contribution in an amount that, when added to previous contributions, totals five hundred dollars ($500) for each year of credited service earned prior to December 31, 2008; and B. pays interest on the amount contributed at an interest rate set by the public employees retirement board.
New Mexico Legal Code