Statutes > New Mexico Statutes > Chapter 10 - Public Officers and Employees. > Article 12C - Magistrate Retirement, 10-12C-1 through 10-12C-18. > Section 10-12C-9 - Amount of pension.

Section 10-12C-9 - Amount of pension.

10-12C-9. Amount of pension.

The amount of pension is equal to one-twelfth of:   
 
seventy-five percent of salary                        (number of years of
received during last year            X      .05   X   service, not exceeding
in office prior to retirement                         fifteen years, + five
                                                       years).