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Managing the Retirement Assests of New Mexico's Educators since 1957

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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 Secretary of Public Education 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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Links to all Sections
of the Handbook

Service Credit
Calculating Retirement
Retirement Benefits
Benefit Options
Preparing for Retirement
Earned Service Credit
Leave of Absence
Membership
Contributions
Refund Information
Pension Payments
Disability Retirements
Disability Benefits
Employment after Retirement
Return to Work Program
Contractors
$15.000 or .25 FTE Rule
Reemployment of Retirees
Community Property Rights
Dividing Benefits
Divorce
New Mexico Healthcare 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

 

 
 
 

 
Contact || Handbook

New Mexico Educational Retirement Board (NMERB)
Managing the Retirement Assets of New Mexico's Educators
Santa Fe 505.827.8030
Albuquerque 505.888.1560

toll-free 1.866.691.2345

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