Statutes > New Mexico Statutes > Chapter 22 - Public Schools. > Article 11 - Educational Retirement, 22-11-1 through 22-11-55. > Section 22-11-28 - Applications for retirement; effective date.

Section 22-11-28 - Applications for retirement; effective date.

22-11-28. Applications for retirement; effective date.

A.     Application for retirement shall be made by a member on forms provided by the board.   

B.     Retirement pursuant to the Educational Retirement Act [22-11-1 NMSA 1978] shall become effective on July 1 following approval of the application for retirement by the board. With approval of the board and the local administrative unit employing the member, retirement pursuant to the Educational Retirement Act may become effective on the first day of any month during the year.