Handbook

GENERAL INFORMATION

Who is the Educational Retirement Board?

The Educational Retirement Board is the legal body responsible for administering the Educational Retirement Act. Its seven members include two state officials (the Superintendent of Public Instruction and the State Treasurer), two members appointed by the Governor, one member elected by the members of the New Mexico National Education Association, one member elected by members of the New Mexico Association of University Professors, and one member elected by the New Mexico Association of Educational Retirees.

ERB is also the employees who serve ERB members. Staff members oversee investments, ensure that members are paid their benefits or receive refunds of their contributions, and help members to understand their benefits and make good decisions about their retirement benefit options. There are approximately 53 staff members serving 63,000 active, 30,000 retired, and 21,000 inactive members.

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