Chapter 58, Article 33 NMSA 1978 may be cited as the "New Mexico Work and Save Act".
History: Laws 2020, ch. 7, § 1; 2021, ch. 46, § 1.
Temporary provisions. — Laws 2020, ch. 7, § 13 provided:
A. The New Mexico retirement plan marketplace shall be implemented no later than July 1, 2021.
B. New Mexico work and save shall be implemented so that covered employees may begin contributing to New Mexico work and save no later than January 1, 2022.
The 2021 amendment, effective June 18, 2021, deleted "This act" and added "Chapter 58, Article 33 NMSA 1978.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 33 - New Mexico Work and Save
Section 58-33-1 - Short title.
Section 58-33-2 - Definitions.
Section 58-33-3 - Board created; organization.
Section 58-33-4 - Board; scope of authority; powers and duties.
Section 58-33-5 - Confidentiality of participant and account information; application of other laws.
Section 58-33-6 - Executive director; powers and duties.
Section 58-33-7 - Board and board employee requirements and prohibitions; conflicts of interest.
Section 58-33-8 - New Mexico retirement plan marketplace.
Section 58-33-9 - New Mexico work and save IRA program; created; implementation.
Section 58-33-10 - Policies and procedures for the New Mexico work and save IRA program.
Section 58-33-11 - Protection for covered employers.