The hospital governing board of a county hospital and regents of a state educational institution operating a county hospital under a contract approved by the state board of finance may establish retirement plans and programs for employees of a county hospital under their control. In establishing a retirement plan or program for county hospital employees, the governing board of the hospital may contract with private insurance companies. Any retirement benefits payable or paid to a county hospital employee resulting from a retirement plan or program authorized under this section are employee benefits and part of consideration for services rendered and are not donations to the employee.
History: 1953 Comp., § 15-48-15, enacted by Laws 1973, ch. 343, § 1; 1978 Comp., § 4-48-16, recompiled as § 4-48B-17 by Laws 1981, ch. 83, § 17; 1982, ch. 11, § 3.
Cross references. — For powers of hospital governing boards generally, see 4-48B-10 NMSA 1978.
For retirement of public employees generally, see 10-11-1 NMSA 1978 et seq.
Structure New Mexico Statutes
Article 48B - Hospital Funding
Section 4-48B-1 - Short title.
Section 4-48B-2 - Purpose of act.
Section 4-48B-3 - Definitions.
Section 4-48B-4 - Annual report.
Section 4-48B-5 - Power of counties.
Section 4-48B-7 - Power to lease hospitals.
Section 4-48B-8 - Sick and indigent persons; agreements for care with state and county agencies.
Section 4-48B-11 - Federal aid.
Section 4-48B-12 - Tax levies authorized.
Section 4-48B-13 - County hospital; power to lease; expenditure of proceeds from tax levy.
Section 4-48B-14 - Payment of charges; persons committed by district court.
Section 4-48B-15 - Election on special levy.
Section 4-48B-16 - Validation of earlier elections.
Section 4-48B-18 - Hospital revenue bonds; authority to issue; pledge of revenues.
Section 4-48B-19 - Use of proceeds of bond issue.
Section 4-48B-20 - Revenue bonds; terms.
Section 4-48B-21 - Ordinance authorizing revenue bonds.
Section 4-48B-22 - Hospital revenue bonds not general county obligations.
Section 4-48B-23 - Revenue bonds; security; restrictions and limitations.
Section 4-48B-24 - Revenue bonds; exemption from taxation.
Section 4-48B-25 - Election not required.
Section 4-48B-26 - No notice or publication required.
Section 4-48B-27 - Hospitals declared necessary public buildings.