N.M. Admin. Code § 2.82.5.8 - ELIGIBILITY

A. A member shall not be considered eligible to retire unless the member shall have completed at least five years of contributory employment even though such member might otherwise be eligible by reason of age and service, and tender of payment for contributory employment.

B. A school bus owner-driver shall not be eligible to retire unless the owner-driver terminates the owner-driver contract with the public schools.

Notes

N.M. Admin. Code § 2.82.5.8

6-30-99; 2.82.5.8 NMAC - Rn, 2 NMAC 82.5.8, 11-30-2001, Amended by New Mexico Register, Volume XXVIII, Issue 19, October 17, 2017, eff. 10/17/2017, Amended by New Mexico Register, Volume XXXI, Issue 13, July 14, 2020, eff. 7/14/2020, Adopted by New Mexico Register, Volume XXXV, Issue 12, June 25, 2024, eff. 7/1/2024