New Mexico § 21-1-8 - Eligibility for retirement pension

§ 21-1-8. Eligibility for retirement pension

When any member of the faculty or other employee of any one of said institutions shall

have taught or rendered service for not less than twenty (20) years in the schools

of this state, the last ten (10) years of which service shall have been rendered at

the institution retiring such person, and when such person shall have reached or passed

the age of sixty (60) years, he or she shall have the right to request retirement

and receive thereafter the full pension provided by this act, and after any such person

who has rendered the service hereinabove described shall have reached or passed the

age of sixty-five (65) years, the regents or governing body of said institution shall

have the right in their discretion to order the retirement of such person with the

maximum pension hereinabove set forth; provided, that when any member of the faculty

or other employee of any one of said institutions shall have taught or rendered service

for not less than twenty-five (25) years in the same institution, such person shall

be eligible to request retirement and receive the pension provided when he or she

shall have reached or passed the age of fifty-five (55) years.