Retiree Information

ATTENTION RETIREES: Your 1099Rs will be mailed on 1/30/17.

Retirees: You will recieve your benefit payment on the last working day of the month. 2017 NMERB Payroll disbursement dates

 

2015 IRS Tax Tables (scroll down to page 45) - Posted 12/29/2014

 

NMAER Dues Increase for 2015 - Posted 12/29/2014

 

NM Retiree Health Care Authority 2015 Plan Rates - Posted 12/12/2015

 

COLA Information - Updated February 15, 2017:

The Cost Of Living Adjustment (COLA) to be applied as of July 1, 2017 is:

All non-disability retirees with 25 or more years of service credit and whose monthly annuity is less than or equal to $1,605.46 will receive an annual adjustment of 1.17%

 

All remaining non-disability retirees will receive an annual adjustment of 1.04%

 

All disability retirees will receive an annual adjustment of 1.3%

 

Please refer to the letter below for details on how these amounts were calculated and information on COLAs for previous years. Click here.

 
The COLA is applied to retirement benefits for retirees whose 65th birthday falls on or before the current calendar year. This current COLA also applies to disabled retirees who have been retired for at least three calendar years.

Click here for information on the 2013 ERB COLA adjustment.

Click here for general information on the ERB COLA.

 

 
 
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. Click here to see 2011 NM Legislative Summary.

ERB Director's Policy Regarding Contributions by Retirees Working Pursuant to the Return To Work Program

Return To Work Program Q & A

 

 

 

Health Benefits

If you are receiving health benefits administered by the NM Retiree Health Care Authority and have questions regarding changes in the insurance premiums, please visit the RHCA website or contact the NMRHCA directly at the following numbers: Toll Free 1-800-233-2576; Santa Fe 505-476-7340;  Albuquerque 505-222-6400.

NMRHCA Board of Directors Actions for Plan Year 2015 - 07/15/2014

NM Retiree Health Care Authority 2015 Plan Rates - Posted 12/12/2015

 

 

Helpful Links

Retiree Direct Deposit Dates 2016

ERB Change of Address Form

 

ERB Authorization for Direct Deposit Form

 

ERB State and Federal Tax Deduction Form

 

IRS Tax Withholding Calculator

 

Personal Planning

 

 

Need help? Send an email to ERB-memberhelp@state.nm.us or call us at 1-866-691-2345.