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

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Reemployment after Retirement

Retirees may return to full-time employment covered by the ERB at any time. When this occurs, the member must notify the ERB in writing. The retirement benefit is canceled and the member becomes an active contributing member again. Upon re-retirement the benefit is re-computed giving consideration to the additional service credit and salary acquired during reemployment. In no case will the benefit be less than it was at the time of first retirement.

While a retired person’s benefit is canceled if he returns to covered employment, the “Option” or type of benefit previously chosen remains in effect throughout periods of reemployment and subsequent retirements. For example, if a member chose Option C at the time of his or her first retirement, and dies during a period of reemployment while benefits were canceled, the member’s surviving beneficiary would begin receiving monthly benefits under the terms of Option C. If the member re-retires, his or her benefits are recalculated at the Option C level.

 
 

 
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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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