Educational Retirement Act - Click on the link and follow instructions (pdf-file) to ERA’s Statutes!

** Instructions - Once you click on the link you need to look at these instructions which will help you navigate to ERA’s Statutes. **

Educational Retirement Board Rules and Regulations

The key to member service is access to information. Our goal is to put information important to you at your fingerprint, clicking on the section you are interested in will take to you the official site of the New Mexico Administrative Code website.

2.82.1 - General Provision

2.82.2 - Membership

2.82.3 - Member and Administrative Unit Contributions

2.82.4 - Service Credit

2.82.5 - Retirement Benefits

2.82.6 - Disability Benefits

2.82.7 - Annuitants and Disability Recipients

2.82.8 - Investment Policies and Practices

2.82.9 - Administrative Unit Reports and Remittances

2.82.10 - Retirement Reciprocity

2.82.11 - Disability Appeals

2.82.12 - Qualified Excess Benefit Arrangement

 

New Mexico Alternative Retirement Plan (ARP)

An Alternative Retirement Plan (ARP) is available to faculty and professionals with one of the six four-year institutions of higher education who were initially employed after July 1, 1991.The election must be made within ninety days of employment and is irrevocable. The ARP is a defined contribution plan in which the employee contributes 7.65%, and the employer matches with a contribution of 9.40%. Three percent of the employer match goes to the ERB to help pay for the unfunded liability incurred by the plan. Click on the links below for more information:

TIAA-Cref

VALIC

NMERB Alternative Retirement Plan - with Eligibility Summary