Mission

Providing secure retirement benefits for New Mexico's educational employees--past, present and future.

Vision

To be an effective and trusted manager of New Mexico's Educational retirement system.

Values

Innovation

Integrity

Quality

Respect

Service

Stewardship

Transparency

NMERB Defined Benefit Plan

The NMERB plan is a Defined Benefit Plan. That means, both you and your employer contribute a certain percentage (you from your salary, employer from its funds) towards your retirement plan. When you are eligible to retire, you receive a gross monthly, lifetime benefit that is currently based on the following formula:.  

Final Average Salary (FAS) x Years of Service x 2.35% pension factor= Gross Annual Benefit.

Your Final Average Salary (FAS) is the average of your highest consecutive five years’ salaries. You have three benefit payment options. Click here for more information on Option A, B and C.

 

For more information, please email ERB-memberhelp@state.nm.us