Title: New Mexico Educational Retirement Board Descriptive info: .. Quick Links.. Service Credit.. Calculating Retirement.. Benefit Options.. Preparing for Retirement.. Earned Service Credit.. Leave of Absence.. Membership.. Contributions.. Refund Information.. Pension Payments.. Disability Retirement.. Disability Benefits.. Employment after Retirement.. Return to Work Program.. Contractors.. $15.. 000 or FTE Rule.. Reemployment of Retirees.. Community Property Rights.. Dividing Benefits.. Divorce.. NM Health Care Authority.. Cost of Living Adjustment.. Retirement Eligibility.. Deferred Retirement.. Rule of 75.. Allowed Service.. Effective Retirement Date.. Reciprocity ERA/PERA.. Options before Retirement.. Alternative Retirement Plan.. Sabbatical Leave.. Home.. |.. Educational Retirement Act.. Legislation.. Calendar.. Employers.. my NMERB.. Account.. retirement.. estimate.. Retirement.. seminars.. Download.. Forms.. Governor Martinez signs.. SB115.. -.. click here for the Governor's Press Release.. Attention July 1 Retirees!.. If you are planning to retire on July 1,.. you need to submit your retirement application 60-90 days prior to July 1.. You can get your retirement packet from your employer's HR or Benefits Office.. You may also print a retirement application from our.. Download Forms.. link.. Click here for information on NM Retiree Health Care.. Frequently Asked Questions.. About NMERB.. Mission.. History.. Offices.. Contacts.. RFPs.. Careers.. Board And Management.. Board Of Trustees.. Board Meeting Minutes.. Management.. Investment Information.. Investments.. Asset Allocation.. Investment policies.. Member Information.. Active Members.. Retired Members.. Survivors.. Retirement Seminars.. FAQs.. My NMERB Account.. ERB Publications.. Hand Book.. Annual Reports.. Actuarial Reports.. News Stories.. News Letters.. E-zines.. Tools And Resources.. ERB Meeting Calendar.. ERB Benefits Calculator.. Social Security Calculator.. Downloadable Forms.. Useful Websites.. Retirement Planning.. Sitemap.. ERB Plan Design Change Proposal.. (updated 03/29/2013).. Governor Martinez has signed SB 115 -.. link to Governor's Press Release.. SB 115, as passed.. This ERB bill, as twice amended, takes a balanced approach to long-term sustainability: changes for current retirees; changes for current members; and changes for new members.. These changes will get ... is based on the median retirement benefit ($18,000) of all retirees excluding disability retirements.. Retirees with benefits at or below the median AND with 25 or more years' service, will have a 10% COLA reduction; their average COLA will be 1.. 8%.. All other retirees will have a 20% COLA reduction; their average COLA will be 1.. 6%.. These reductions will stay in place until ERB is 90% funded.. Once there, the COLA reductions will decrease.. The retirees with benefits at or below the median AND with 25 or more years' service, will have a 5% COLA reduction; their average COLA will be 1.. All other retirees will have a 10% COLA reduction; their average COLA will be 1.. The COLA will not be adjusted upward when the fund reaches a 90% funded ratio, rather it will be adjusted up when the funded ratio is.. greater.. than 90%.. Once ERB is 100% funded, the COLA reductions will cease and the average COLA for all ERB retirees will be 2%.. This bill is consistent with ERB s funding policy to ensure ERB's long-term sustainability.. Click.. Senate Bill 115.. to see the entire bill.. Plan Design Input Archive.. News Headlines and Events.. Investment Committee Meeting Agenda.. - 04/25/2013.. Request For Proposal - Passive Non-U.. S.. Developed Markets Equity Manager.. - 04/12/2013.. Public Comment Notice Thank You.. - 04/08/2013.. April Public Meeting Notice.. - 04/02/2013.. ERB Receives Award for Investment Excellence.. - 03/20/2013.. 2013 ERB Disability Calendar - Meeting Dates Application Deadlines.. - 01/09/2013.. Click here.. to visit the ERB Disability webpage.. News and Events Archive.. click link.. Managing the Retirement Assets of New Mexico's Educators.. Santa Fe: 505 827 8030.. Albuquerque: 505 888 1560 | Toll-free: 1 866 691 2345.. Copyright 2012 nmerb.. org All rights reserved.. Contact..
Title: New Mexico Educational Retirement Board Descriptive info: Retirement Benefits.. Seminars.. ERB Benefit.. Calculator.. Educational Retirement Act.. Access to the Educational Retirement Act is on the NM Compilation Commission's website.. click to access site.. Move your cursor over the.. Public Access Law.. link that is displayed across the top of the page; scroll down to.. Search Statutes and Court Rules; y.. ou will be directed to a page with a search box.. In the search box, enter 22-11-1.. You will be directed to a list of statutes, find Chapter 22 - Public Schools.. Educational Retirement Board Rules and Regulations.. The ... clicking on the section you are interested in will take to you the official site of the New Mexico Administrative Code website.. 2.. 82.. 1 - General Provision.. 2 - Membership.. 3 - Member and Administrative Unit Contributions.. (revised 07/01/2012).. 4 - Service Credit.. 5 - Retirement Benefit.. 6 - Disability Benefits.. 7 - Annuitants and Disability Recipients.. 8 - Investment Policies and Practices.. 9 - Administrative Unit Reports and Remittances.. 10 - Retirement Reciprocity.. 11 - Disability Appeals.. 12 - Qualified Excess Benefit Arrangement.. Santa Fe: +15058278030.. Albuquerque: +15058881560.. Toll-free: +18666912345..
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Title: New Mexico Educational Retirement Board Descriptive info: ERB Benifits Calculator.. 2011 LEGISLATION IMPACTING ERB.. 2011 Legislative Summary.. click to view.. Below are the links to 2011 legislative proposals concerning ERB.. If you have any questions or need any additional information please contact us at 505-827-8030.. HB129.. -.. Returning Educational Retiree Payments, Rep.. Luciano "Lucky" Varela (D48).. Status: Passed and Signed by Governor.. Retirees in RTW program to pay member contributions; employer contributions reduced.. HB628.. Contribution Rate Changes in Retirement Plans, Rep.. Donald E.. Bratton (R62).. Extends the two-year 1.. 5 percent contribution shift implemented for FY10 and FY11 from the employer to the employee for those employees making more than $20,000 another two years (FY12 and FY13); Makes a one-year contribution shift of 1.. 75 percent from the employer rate to the employee rate for those making more than $20,000 for FY12; and Delays the two remaining 0.. 75 percent increases for ERB, currently scheduled for FY12 and FY13, to FY14 and FY15.. SB119.. Retirement Beneficiary Designation of Spouse, Sen.. John Sapien (D9).. Retirees remarrying after death of spouse may select new Option B or C beneficiary.. SB269.. Educational Retirement Board Bank & Attorneys, Sen.. Allow ERB to contract custodial bank & legal services on contingency fee basis.. SB329.. ERB Members to Appoint Designees, Sen.. Cynthia Nava (D31).. Ex Officio Board members can name a designee to represent them on the ERB board.. House Bills:.. HB133.. Delay Educational Retirement Contributions, Rep.. Mimi Stewart (D21).. Status: Did not pass.. Delays scheduled increase in employer contributons.. HB146.. Retirement Beneficiary Designation of Spouse, Rep.. James Madalena (D65).. HB147.. Availability of Agendas for Public Meetings, Rep.. James E.. Smith (D22).. Agendas to be available at least 7 days prior to public meeting.. HB251.. Amend Certain Retirement Acts, Rep.. ERB members not eligible to retire before July 1, 2014 required to be 55+ & have 20+ years of earned service credit.. HB272.. Public Employee & Education Retirement Acts, Rep.. ERB & PERA to provide actuarial & solvency-related reports to the Legislature.. Senate Bills:.. SB107.. Uniform Per Diem & Mileage, Sen.. Tim Eichenberg (D15).. Eliminates $95/per diem for non-salaried public officers on boards & committees; no per diem & mileage within 35 miles of home.. SB247.. Forfeiture of Retirement for Certain Crimes, Sen.. Sue Wilson Beffort (R19).. PERA/ERB member/retiree convicted of misuse of public money related to employment to forfeit pension.. SB248.. Change Public Retiree Contributions, Sen.. Stuart Ingle (R27).. Extend and increase employer to employee contrbutions shift.. SB259.. Forfeiture of Public Official Benefits, Sen.. William Payne (R20).. Sentence enhancement & forfeiture of elected officials' pensions.. SB265.. Educational Retirement Contributions, Sen.. Vernon Asbill (R34).. ERB Pension Redesign/Contribution Increase Bill.. SB303.. Identical Benefits for Some Public Employees, Sen.. Some ERB & PERA members/retirees would have same contribution rates, 4 yr Final Average Salary, 3% COLA.. ERB & PREA to provide actuarial studies to determine benefit level for new employees.. SB355.. Certain PED Employees Not ERA Members, Sen.. Howie Morales (D28).. Provisional member covered by the ERA may exempt himself from coverage.. Such person will not be entitled to benefits under other state retirement programs.. Must be exercised within one year of employment.. 2010 LEGISLATION IMPACTING ERB.. Below is a summary of the 2010 legislative proposals concerning ERB.. HB231.. Disclosure of Educational Pension Amounts, Rep.. Jack E.. Thomas (D60).. Status: Passed and Signed by the Governor.. Provides that the only information maintained by the Educational Retirement Board regarding a member or retired member which is open to public inspection is the name of the member, where the member was employed, dates of retirement and reported death, service credit, reported salary, amount of contributions and pension or disability amount.. Other information may only be disclosed to the member, the member s spouse or authorized representative, or persons specifically identified by them in a written consent form.. HB239.. No Educational Retirement Benefit Adjustments, Rep.. Rep.. Rick Miera (D11).. Ensures there will not be a decrease in our retirees monthly benefits.. Previously Section 22-11-31 (B) of the New Mexico Educational Retirement Act required that decreases in the Consumer Price Index will cause retiree benefits to decrease.. Since the Consumer Price Index showed a decrease from 2008 to 2009 the result would have been a -0.. 4% reduction in a retiree s monthly benefit.. HB239 changed the language to state Annuities shall not be decreased in the event that there is a decrease in the Consumer Price Index between the next preceding calendar year and the preceding calendar year.. While it is unfortunate that our members will not be receiving a cost of living adjustment increase this year they will not suffer a decrease this year or in the future.. HB241.. Educational Retirement Info Disclosure, Rep.. Status:Passed in HB231.. SB18.. Changes to State Investment Bodies, Sen.. Timothy M.. Keller (D17).. Modifies the composition of the State Investment Council and amends the powers and duties of the State Investment Officer.. Originally the bill included changes to the composition of the Public Employees Retirement Association (PERA) and the Educational Retirement Board (ERB); these agencies were removed from the bill.. SB91.. Delay Educational Retirement Contributions, Sen.. John Arthur Smith (D35).. Delays the 0.. 75 percent increase scheduled for FY11 in the employer contributions to the Educational Retirement Board (ERB) by one year.. The employer contribution rate for FY11 will remain at 10.. 90% for employees making $20,000.. 00 or more and 12.. 40 percent for employees making less than $20,000.. 00.. SB164.. Salaries for Educators Returning To Work, Sen.. Howie C.. Morales (D28).. Limits the salaries of Educational Retirement Board (ERB) members who return to work (RTW) for local administrative units (LAU) without suspending their pension benefits.. SB246.. Public Employee Pension Contribution Increase, Sen.. Temporarily increases the public employee contribution to the state retirement funds for FY11 by 1 percent and reduces the employer contribution by the same amount.. SB260.. Alternate Early State Retirement Plans, Sen.. Directs multiple state agencies to develop alternative early retirement plans for state employees and higher education participants and report those plans to the Legislative Finance Committee.. SUMMARY OF 2009 LEGISLATION IMPACTING ERB.. SB572.. Higher Ed Portability (Alternative Retirement Plan), Sen.. Mary Jane Garcia (D36).. STATUS: Passed and Signed; Duplicates HB 525, sponsored by Rep.. Chasey (D18).. Present law provides that the state post-secondary educational institution employees who become members of alternative retirement plans may not change plans.. Starting July 1, 2009, this bill would allow these employees, if they have made contributions to alternative plans for seven years or more, to have a one-time chance, for 120 days, to become members of the regular retirement plan.. Allows for other changes to the alternative plan.. Contains emergency clause.. The ERB will be drafting rules to implement this legislation and will be issuing requests for proposals for new retirement plans for the alternative retirement plan.. HB573.. Stricter Retirement Provisions for New Employees, Rep.. John Heaton (D55).. STATUS: Passed and Signed by the Governor.. Amends the Public Employees Retirement Act and the Educational Retirement Act to establish stricter age and service credit retirement requirements for members employed after July 1, 2010 and covered by the acts.. Amends the Retiree Health Care Act to increase employer and employee contributions to the Retiree Health Care Fund for members of enhanced retirement plans, and ... SB1162.. Stuart Ingle (D) Changing the Composition and Appointing Authority fo the Educational Retirement Board.. Changes one member of the board from being elected by the New Mexico members of the American Association of University Professors to a chief financial officer of a four-year institution of higher education appointed by the governor.. The Senate Education committee passed as amended.. The amendment changes the bill so that the position would be elected by the members of the Council of University Presidents for a 4 year term.. SJM6.. John Arthur Smith (D) Benefit Enhancement Bill Moratorium.. Requests that no bills be introduced to enhance pension benefits for the next two years.. SUMMARY OF 2006 LEGISLATION IMPACTING ERB.. The following is a list of bills and memorials that concern The Educational Retirement Board.. Also included is whether or not the bill or memorial was passed.. You may click on the bill number in order to access the link to the bill on the NM Legislative Website.. HOUSE BILLS.. HB 3.. Education Appropriation Act - Rick Miera.. Identical to the appropriation for Public Education as described in the General Appropriation Act of 2006.. Increases the state equalization guarantee from the 2005 act by $158,900,600 to $2,122,727,400.. Defines the performance standards to be achieved through the 2006-2007 school year.. Provides for an average four and one-half percent salary increase for all teachers and instructional staff, and a $45,000 minimum annual salary for level 3-A teachers.. Increases employer contribution to the educational retirement fund by three-fourths percent.. HB 78.. - State Employee Salary Increases - Luciano Lucky Varela.. Provides $35,686,504 (GF) to DFA for salary increases to state employees.. HB 100.. - Restrict Public Employees Returning to Work - Larry A.. Larranaga.. (For the State Permanent Fund Task Force and the Legislative Finance Committee) Provides that if a PERA member retires and is subsequently reemployed by an affiliated public employer on or after July 1, 2006, that person s pension would be suspended the first month following the point at which his reemployment earnings exceed $15,000 for a calendar year.. A retired member who returns to work before July 1, 2006, would be entitled to receive full retirement benefits as well as full pay for his new job.. HB 212.. - State Retirement System Oversight Committee - John A.. Heaton.. Creates the State Investment and Retirement Systems Oversight Committee as a joint interim legislative committee.. Consists of five voting members from each legislative house and five nonvoting members; one each from the State Investment Office, PERA, Secretary of Finance and Administration, State Treasurer s office and the Educational Retirement Board.. Mandates the new committee to create a plan for oversight of the retirement fund activities of the organizations represented by the five nonvoting members.. Provides for the continuing analysis of the financial status of those funds and development of recommendations for improved investment practices to ensure the financial soundness of those funds.. Requests that all future legislation affecting state investment practices, the permanent funds or the retirement funds be presented to the committee for review and analysis prior to the session in which that legislation will be introduced.. Provides an appropriation of $150,000 to the Legislative Council Service for technical and legal assistance to the committee through the end of fiscal year 2007.. HB 222.. - Expand Educational Retirement Board Members - Luciano Lucky Varela.. (For the State Permanent Fund Task Force and the Legislative Finance Committee) Increases the size of the Educational Retirement Board to 10 members from seven members.. HB 446.. - Forfeiture of Retirement Benefits for Crimes - Al Park.. (HEM66) If it appears to a New Mexico prosecutor that a felony defendant is a current or retired state employee and that the charge is related to the defendant s past or present employment, the prosecutor must initiate the forfeiture of a state system pension.. The requirement also applies to a felony conviction in federal or another state court.. HB 461.. - Public Employees Benefits Oversight Committee - Ben Lujan.. (For the Public Employee Benefits Oversight Subcommittee) Creates the joint interim Committee for the Oversight of Public Employee Benefits, Programs and Funds to function until December 1, 2008.. Make up would be three House members appointed by the speaker, and three from the Senate appointed by the Committees' Committee with party representation proportionate to the membership of the two bodies.. SENATE BILLS.. SB 23.. - Contributions to Investors of Public Funds - Stuart Ingle.. Makes it unlawful for the governor, lieutenant governor, state treasurer, state auditor, secretary of state, attorney general, land commissioner, state legislator or a candidate for those offices to solicit or accept anything of value from an investment agent doing business with the state.. SB 130.. - Expand Educational Retirement Board Members - John Arthur Smith.. (For the State Permanent Fund Task Force and the Legislative Finance Committee) Increases board membership from seven to 10.. All new members must possess at least 10 years of investment or public finance experience.. One member will be appointed by the governor.. A second member with be appointed by the University Presidents Council and the third member will be appointed by the New Mexico Coalition of School Administrators.. All new members will serve four-year terms and any unexpired term will be filled with a selection by the original appointing authority.. SB 206.. - Adjust Educational Retirement Eligibility - John Arthur Smith.. (For the State Permanent Fund Task Force) Retirement benefits from the Educational Retirement Act are available to a person becoming a member prior to July 1, 2006, when the sum of the member s age and years of earned service equals 75.. For a person becoming a member on or after July 1, 2006, the sum of the member s age and years of earned service equals 80.. The same formulation applies to members who terminate employment prior to retirement but do not withdraw contributions that have been made.. SB 300.. - Restrict Public Employees Returning to Work - John Arthur Smith.. (For the State Permanent Fund Task Force and the Legislative Finance Committee) (Identical to HB100) Same as HB100.. Provides that if a PERA member retires and is subsequently reemployed by an affiliated public employer on or after July 1, 2006 that person s pension would be suspended the first month following the point at which his reemployment earnings exceed $15,000 for a calendar year.. A retired member who returns to work before July 1, 2006 would be entitled to receive full retirement benefits as well as full pay for his new job.. SB 528.. - Frontier Teacher Act - Leonard Tsosie.. The act adds a new measure of student achievement by requiring a student-specific assessment of grade-level attainment in mathematics, English and literacy in the first and final months of a grade-level.. SB 541.. - Increase Educational Retirement Contributions - Sue Wilson Beffort.. Increases member contributions to the Educational Retirement Association Fund as follows: FY 2007, from 7.. 75 percent to 7.. 8 percent; FY 2008, from 7.. 825 percent to 8.. 2 percent; on or after July 1, 2008, from 7.. 9 percent to 8.. 6 percent.. Prior Legislation 2006.. Link to NM Legislature web site.. Copyright 2012 Nmerb.. org.. All rights reserved..
Title: New Mexico Educational Retirement Board Descriptive info: view your account here.. Return To Work Program Retirees.. Effective July 1, 2011, retirees who are currently working with the NM public schools under the Return To Work Program will make non-refundable employee contributions to the NMERB fund and will not earn any additional service credit.. The employer will continue to make employer contribution rates as specified by state statute.. RTW retirees are reported on the employer's monthly report to the NMERB.. to see 2011 NM Legislative Summary.. ARP Eligibility -.. ARP ERB Manual.. Member Termination and Refund of Contributions - 08/2007.. ERB-Covered Employees.. The.. (ERA) assures a sustained program of retirement benefits for New Mexico public school, college and university employees, and other employees of state educational institutions and agencies.. The legal body responsible for administering the ERA is the New Mexico Educational Retirement Board.. ERB-Covered Employees include the following:.. Employees of the following local ... for the Visually Handicapped.. Youth Diagnostic Center.. Regional Co-Operatives.. New Mexico Activities Association.. State agencies providing an educational program (i.. e.. Department of Health, Public Education Department, Division of Vocational Rehabilitation, Educational Retirement Board, Department of Corrections).. Forms for Employers.. LAU Guidance Memo FY 12-13.. Form 100 - Contribution Report -.. FY14.. - pdf.. - Microsoft Excel Version.. - Instructions.. FY13.. Microsoft Excel Version.. - Instructions.. Contribution Rate Schedule.. Employee Job Category Definitions.. - pdf.. FY13.. Form 9 - ADJUSTMENTS TO MONTHLY REPORTS.. Regular Members only R and RU.. Form 9a - ADJUSTMENTS TO MONTHLY REPORTS.. - ARP Members only - (Colleges Universities).. Form 9b ADJUSTMENTS TO MONTHLY REPORTS -Return to Work RT , RP , TU and PU.. Form 9c ADJUSTMENTS TO MONTHLY REPORTS - Return to Work RE and RW NO CONTRIBUTIONS TO REPORT.. Application to Purchase Non-Reported Contributory Service Credit.. Employee Data Form..
Title: New Mexico Educational Retirement Board Descriptive info: Information Seminars.. my.. NMERB Account (For Active Inactive Members).. View your ERB account information such as contribution balance, estimated Final Average Salary (FAS), print a retirement estimate with Benefit Options A, B and C amounts.. You may also use the allowed service calculator to see an estimated cost for purchasing service credit.. YOU MUST FIRST REGISTER YOURSELF BEFORE YOU CAN LOG INTO YOUR ERB ACCOUNT.. Retirees no longer have access to an active account.. Retirees recieve a Retiree Annual Statement each August that shows the gross benefit and current deductions.. If you are a retiree and need account information please send an email to.. ERB-memberhelp@state.. nm.. us.. If you experience problems logging into your ERB account, contact ERB toll free at 866-691-2345 and ask for the IT Department or.. email us.. Please have the last four digits of your social security number handy for assistance.. FIRST TIME USERS:.. First time users must first register and create an account.. Click the.. Member Log In.. box below; you will be directed to another log in box.. "Register".. link underneath the box that says "Registered Users.. ".. Do not.. enter your SSN,.. do not.. enter a password.. Simply click "register" and follow the instructions.. Detailed instructions for registering and what kind of information ... UNDER CONSTRUCTION.. Please contact us if you are experiencing difficulties with the website or if you have any questions.. We value your feedback and do all we can to provide the best service possible.. *indicates required field.. First Name *.. Last Name *.. Street Number*.. Street or PO Box*.. City*.. State*.. Zip code *.. Last 4 digits of SSN or DOB *.. Phone Number*.. E-mail *.. Experiencing problems with *.. Select One.. Change of name.. Request for estimate.. Salary requests.. Refund information.. Years of service.. Other.. Comments.. Image Verification.. Please enter the text from the image:.. [.. Refresh Image.. ] [.. What's This?.. ].. (this section is under construction).. -- Select --.. --United States--.. Alabama.. Alaska.. Arizona.. Arkansas.. California.. Colorado.. Connecticut.. Delaware.. District of Columbia.. Florida.. Georgia.. Hawaii.. Idaho.. Illinois.. Indiana.. Iowa.. Kansas.. Kentucky.. Louisiana.. Maine.. Maryland.. Massachusetts.. Michigan.. Minnesota.. Mississippi.. Missouri.. Montana.. Nebraska.. Nevada.. New Brunswick.. New Hampshire.. New Jersey.. New Mexico.. New York.. North Carolina.. North Dakota.. Ohio.. Oklahoma.. Oregon.. Pennsylvania.. Puerto Rico.. Rhode Island.. South Carolina.. South Dakota.. Tennessee.. Texas.. Utah.. Vermont.. Virginia.. Washington.. West Virginia.. Wisconsin.. Wyoming.. --Canada--.. Alberta.. British Columbia.. Manitoba.. Newfoundland.. North West Territory.. Nova Scotia.. Ontario.. Prince Edward Island.. Quebec.. Saskatchewan.. Yukon Territory.. Not Applicable.. Female.. Male.. I want to receive mailings from NMERB..
Title: New Mexico Educational Retirement Board Descriptive info: You can calculate an estimated benefit by entering the required information below.. The formula is explained on this page.. You must meet the minimum eligibility requirements in order to retire.. here.. for eligibility requirements.. Read Disclaimer.. Enter Your Projected Age at Retirement.. Years of Earned Service at Age of Retirement.. Years of Purchased Service at Age of Retirement.. for the definition of earned service and purchased service.. Enter your highest five consecutive annual salaries (enter digits only; no commas or decimals, ie: 55000, 55240, 56400).. $ Salary - First Year.. $ Salary - Second Year.. $ Salary - Third Year.. $ Salary - Fourth Year.. $ Salary - Fifth Year.. Your estimated NMERB annual benefit.. Your estimated NMERB monthly benefit.. This calculator only does the simple Formula A as described on the.. Retirement Benefits page.. If you would like to calculate the B and C options please.. sign on to the ERB's Member Access.. ... of salary will be at retirement.. If the actual final average salary is different than the one you entered, your benefit estimate will be different than the actual benefit.. ).. Ø Determine your projected service credit at retirement.. (You must project the number of years of service credit that you will have at retirement.. If the service credit that you enter is incorrect, your estimate will not be the same as your actual benefit.. Calculator Disclaimer.. If the results of your estimate differ from your official benefit calculation at retirement, the official calculation based on the ERA, will be used.. The accuracy of your estimate depends on how closely the variables you enter on the input screens match those at retirement.. The calculator.. provides unofficial estimates only.. I have read and understand this disclaimer and I agree that any estimates provided by the calculator will be done so under these conditions.. back to top..
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Title: New Mexico Educational Retirement Board Descriptive info: Retirement Seminars.. Seminars are posted as new locations are confirmed or if times and dates change.. Registration is required for some seminars.. Please see the register column to confirm registration at your desired seminar.. Retirement Information Seminar.. Provides general information about the NMERB retirement plan, process, benefit options and other related information.. Health benefits are not presented at this seminar because ERB does not administer health benefits.. Most public education employees will receive their health benefits from the.. NM Retiree Health Care Authority.. Employees of UNM, NMSU, San Juan College, NM Tech and Clovis Community College receive health benefits directly from their employer.. Presentations are scheduled on week days after school hours.. Seminar material will be provided and anyone is welcome to attend.. All information in the seminars is of a general nature and specific, personalized, ... You can also log into your.. ERB Account.. and use the Benefit Estimator.. For questions about the seminars, please email.. seminars@nmerb.. You may also call (toll free) 1-866-691-2345 ext.. 6140.. 2012 Seminars and Fairs.. Winter-Spring 2013 Seminar Schedule.. Date.. Day.. City.. Time.. Location (click below for map).. Register.. Jan.. 15.. Tuesday.. Taos.. 4:30 pm.. Taos Academy Cafeteria.. n/a.. 23.. Wednesday.. Espanola.. 4 pm.. Espanola Public Schools Central Office.. 31.. Thursday.. Los Alamos.. Los Alamos High School Speech Theatre.. Feb.. 7.. Pojoaque.. Pojoaque Middle School - West Wing.. 27.. Albuquerque.. 5 pm.. APS John Milne Board Room.. 28.. Gallup.. Gallup-McKinley Cnty Schools Board Room.. March 7.. Santa Fe.. Santa Fe Public Schools Board Room.. April 30.. ATF Office - 530 Jefferson NE.. call 505-262-2657.. Santa Fe: (505) 827 - 8030.. Albuquerque: (505) 888 - 1560.. Toll-free: 1-866-691-2345.. Handbook..
Title: New Mexico Educational Retirement Board Descriptive info: ERB forms have been formatted so they can be completed using a computer keyboard.. Simply click the cursor on the blank line and begin typing.. When finished, print the form, complete any required signatures, and mail to ERB.. Application for Retirement.. You should obtain this form from your local personnel or business office 60-90 days prior to your planned effective date of retirement.. There are four pages in the retirement application, they are: (1) Retirement Application Instructions, (2) Application for Retirement Checklist, (3) Member Information, and (4) the Employer Certification.. Complete the Member Information Form and return it to your personnel or business office where the Employer Certification will be completed.. Your employer will then forward the completed application to our office.. Our staff will review your application for eligibility and mail to you your retirement documents, which include: an information memorandum, a final computation of your retirement benefit, a final selection of benefit form, and a direct deposit authorization form.. (The New Mexico Retiree Health Care Authority will automatically mail you a ... Request for Refund and/or Rollover.. State and Federal Tax Deduction Form.. (click here for:.. IRS Tax Withholding Calculator.. 2013 Tax Withholding Tables.. ).. Statement of Release.. Alternative Retirement Plan (ARP) Forms.. *ARP Announcements*.. ARP Selection Form.. (to be completed at initial time of employment).. Election to Become a Defined Benefit Plan Member (from ARP).. Must be submitted through your employer.. (brochure).. Option to Switch from the ARP to the Defined Benefit Plan.. Divorce Forms.. Divorce - Pre-Retirement Model Order with Instructions Dividing ERB Benefits.. (pdf version).. (MS Word version).. Divorce - Post-Retirement Model Order with Instructions Dividing ERB Benefits.. Divorce - Release of Claims.. (pdf version - can be completed using your computer keyboard).. f.. or definitions and Frequently Asked Questions about the Release of Claims form.. for more information on Community Property Rights.. Disability Forms.. Contact ERB at 505-827-8030.. for information on Disability Retirement.. Working After Retirement - Applications.. Return To Work Program Application.. ERB Director's Policy Regarding Contributions by Retirees Working Pursuant to the RTWP.. Independent Contractor Determination Application.. Forms for Employers..
Title: New Mexico Educational Retirement Board Descriptive info: How do I change my address in my member profile?.. You can complete a Change of Address form from our.. link or simply write us a note with your new address, the last four digits of your SSN, date and signature and mail or fax it to the ERB.. Contact information is below.. My beneficiary isn't listed in my account, why?.. ERB stores electronic copies of your Beneficiary Designation -Form 42 in your account's document history.. ERB will enter your beneficiary's name into your account profile upon request.. To request your beneficiary to be entered in your profile, send an email to.. It is very important to keep your beneficiary updated.. If you don't know who you designated as your current beneficiary, request this information via email at.. If you need to update your beneficiary, please complete a new.. and return to ERB's Santa Fe Office.. I can t log into my ERB account.. You must first register and create a password before you can utilize the services.. Follow the instructions in the Member Tutorial.. If you re still getting an error message, send an email inquiry to.. I'm retired and recently changed banks/accounts, what do I need to do?.. You ... wages and service your employer has reported to ERB.. I submitted my retirement application on time and I haven t received my final documents yet.. You can expect your final retirement documents about 30 days prior to your actual effective date of retirement.. I recently quit working, how do I refund my member contributions?.. You need to compete a Request for Refund/Rollover Form which can be accessed.. from our.. How do I apply for ERB Disability Retirement Benefits?.. Visit the.. ERB Disability Retirement and Benefits.. webpage for information and instructions for applying for ERB Disability Retirement Benefits.. I recently changed my name, how do I update my new name with ERB?.. You may send to ERB written notification of your name change; include your previous name, your birthdate and last four digits of your social security number, sign and date the letter.. Mail the letter and a copy of your current driver's license or Social Security Card with your new name to ERB's Santa Fe Office.. You may also complete a.. new.. There's a space on the form for your previous name.. NM Educational Retirement Board.. PO Box 26129 Santa Fe, NM 87502 Phone: (505) 827-8030 Fax: (505) 827-1855.. Toll Free: 1-866-691-2345..
Title: New Mexico Educational Retirement Board Descriptive info: The New Mexico Educational Retirement Board is a statutory entity that provides secure retirement benefits for our active and retired members from school districts, higher education and educational agencies.. We strive to make our members' retirement experience optimal by:.. Prudently managing the financial assets for the fund.. Providing ... on an individual basis related to retirement issues.. Educating members about both the financial and personal aspects of retirement.. Soliciting member input for improving services.. We are consistently building the skills capacities and competencies of our employees in order to provide our members with the best quality of service..