A municipality may enter into contracts with private insurance companies to establish a retirement system for its employees.
History: 1953 Comp., § 14-17-24, enacted by Laws 1971, ch. 71, § 1.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 60A Am. Jur. 2d Pensions and Retirement Funds §§ 1604, 1606.
62 C.J.S. Municipal Corporations §§ 649 to 660.
Structure New Mexico Statutes
Article 18 - Powers of Municipalities
Section 3-18-1 - General powers; body politic and corporate powers.
Section 3-18-2 - Prohibition on municipal taxing power.
Section 3-18-4 - Buildings; construct, purchase, rehabilitate, care for.
Section 3-18-6 - Building construction and restrictions; establishing fire zones.
Section 3-18-10 - Power of eminent domain; purposes; proceedings.
Section 3-18-11 - Fire prevention and protection; insurance for volunteer firemen.
Section 3-18-12 - Food and merchandise; regulation and inspection.
Section 3-18-13 - Industrial nuisances and nauseous locations; regulation and prohibition.
Section 3-18-15 - Works of art; other works; acquisition and maintenance.
Section 3-18-16 - Markets and market places.
Section 3-18-17 - Nuisances and offenses; regulation or prohibition.
Section 3-18-19 - Park and recreation construction authorized.
Section 3-18-20 - Police ordinances; county jails.
Section 3-18-21 - Railroads; street railroads; crossings.
Section 3-18-23 - Steam boiler inspection.
Section 3-18-24 - Licensing and regulating secondhand and junk stores.
Section 3-18-25 - Water systems; sewers; assessments.
Section 3-18-26 - Toll bridges.
Section 3-18-27 - Trees and shrubs.
Section 3-18-28 - Municipal employees' retirement system.
Section 3-18-29 - [Foreign-trade zones.]
Section 3-18-30 - Parking citations; certain municipalities; administrative cost assessment.
Section 3-18-31 - Sale of gasoline; authority of the municipality.
Section 3-18-32 - Limitation of county and municipal restrictions on solar collectors.