Five Simple Steps To NMERB Retirement

NMERB members who are approaching retirement eligibility requirements should submit their retirement
application within 60 to 90 days prior to their effective date of retirement.


Effective dates of retirement are the first day of the month following the last day of employment
or when NMERB is in receipt of your application, whichever is later. Those employees on a nine or ten
month contract who terminate employment in May will automatically be a July 1 retiree.

 

The following step by step instructions are provided to help the member’s retirement process run as
smoothly as possible to ensure an initial benefit payment on the last business day of the retirement month.


Step 1:

Member completes the NMERB Application for Retirement then gives the form and an NMERB acceptable
proof of age document to the member’s employer. Currently employed members may get the application
from their Human Resources Office; If you are currently in an inactive status, you may print the retirement application from the link above.


Step 2:

Employer completes the Employer Certification then mails both forms, along with proof of age, to the
NMERB.


Step 3:

NMERB staff audits the member’s account and then mails the member a retirement packet which includes:
- Post-Retirement Information and Instruction Sheet
- Final Selection of Benefit Form
- Estimate of Retirement Benefit
- Authorization Agreement for Direct Deposit Services (click here to see form)
- State and Federal Tax Deduction Form (click here to see form)
- Post-Retirement Employment Notice


Step 4:

Member completes the following forms and returns them to the NMERB Office:
- Final Selection of Benefit Form, notarized
- Authorization for Direct Deposit Services (click here to see form)
- State and Federal Tax Deduction Form (click here to see form)
- Post-Retirement Employment Notice                                                                                                                         - Permanently Reduced Rate Calculation Notice  

Step 5:

NMERB places member on payroll and sends first benefit payment on the last working day of the member’s
retirement month.


These forms must be completed and processed before the member’s effective date of retirement. If they
are not, the member will receive two payments the following month.