wee.nmerb.orgNew Mexico Educational Retirement Board

Quick Links Service Credit Calculating Retirement Benefit Options Preparing for Retirement Leave of Absence/Sabbatical Leave Membership Contributions Refund Information Pension Payments Disability Benefits Employment after Retirement Return to Work Program Contractors $15,000 or FTE Rule Community Property Rights NM Health Care Authority Cost of Living Adjustment Retirement Eligibility Deferred Retirement Rule of 75 Effective Retirement Date Reciprocity ERA/PERA Alternative Retirement Plan Home | Educational Retirement Act | Legislation | Calendar | Employers my NMERB Account retirement estimate Retirement seminars Download Forms Contact Us Frequently Asked Questions About NMERB Mission History Offices RFPs Careers Board and Management Board Of Trustees Board Meeting Minutes Management Investment Information Investment Performance Asset Allocation Investment policies Proxy Voting Reports Commission Reports Member Information Active Members Retired Members Survivors Employers FAQs My NMERB Account NMERB Publications Hand Book Annual Reports Actuarial Reports Alternative Retirement Plan (ARP) News Stories Newsletters Other Information and Reports Tools And Resources ERB Benefits Calculator Social Security Calculator Downloadable Forms Useful Websites Calendar Retirement Planning Sitemap We have a new Member Help email address: Member.Help@state.nm.us ATTENTION! TO THOSE RETIRING JULY 1, 2020 July 1 st is around the corner. To ensure that you receive your monthly benefit on time, your Final Documents must be submitted to NMERB no later than June 30, 2020. If your documents are returned after this date, your first monthly benefit may be delayed. Further, under NMERB policy, if final retirement documents are received more than 90 days after the effective date of retirement as stated on your application, your application for retirement becomes null and void and you will be required to submit a new application for retirement with a new effective date. >>Always be on the alert for suspicious emails Recently one of our members shared with us a suspicious email, which mentions your “Pera Pension”. Although this email doesn´t directly involve the we think it´s a good idea to be alert. You should always be careful with emails that don’t sound “right”. If an email you receive from the Educational Retirement Board, or a group claiming to represent us, makes you feel suspicious please contact us immediately at 1-866-691-2345 or via email member.help@state.nm.us We want to take a moment to share these important tips from the National Cybersecurity Alliance to help you identify any possible phishing emails. How to identify a phishing email For Our Members Due to Governor Lujan Grisham’s orders regarding the Coronavirus (COVID-19) outbreak, most NMERB staff are working from home, and our offices are not open to our members or the public. Our call center is experiencing a high volume of calls, so please understand that there may be longer wait times and that you may be asked to leave a message. If you do leave a message, keep in mind that when we return your call, our call to you will register as a restricted number as a majority of NMERB’s staff is working from home. As an alternative to calling, please feel free to contact us via email at member.help@state.nm.us . We appreciate your patience. Please be assured that while our offices are closed, essential services will continue. Staff continues to work diligently to ensure that benefit checks are issued on time, retirement applications and essential forms are processed, and the trust fund is managed prudently. We anticipate disruptions as a result of these closures, but we ask for patience from our members during this time. NMERB members are encouraged to check www.nmerb.org for updates. >>RETIREMENT WEBINAR<< Retirement Webinar for July or August retirees If you weren´t able to join us in our Live Retirement Webinar you can replay the webinar by clicking on this link: https://event.webinarjam.com/go/replay/5/w86pmulu8u9ux You can still send in any question by clicking on "Type your question here" on the window chat that will appear to the right side of your screen and then submit your question by clicking on "Send email". ​ >>Retirement Presentation for Members<< Please send any questions this Retirement Seminar Presentation might have prompted to member.services@state.nm.us , and write “Retirement Seminar Question” in the subject line. We plan to answer your questions and post them on our “ Frequently Asked Questions ” page on a periodic basis. Keep checking back for answers to your questions. >>ASK JAN<< May 27, 2020 >>ASK JAN<< May 1, 2020 In our new Ask Jan forum, NMERB’s Executive Director, Jan Goodwin answers your questions about the sustainability and administration of the NMERB retirement plan, as well as giving you the truth about any circulating rumors. If you have a question, please feel free to send it to member.services@state.nm.us and write “Ask Jan” in the subject line. This month, she answers the question whether the state will use NMERB retirement funds to shore up recent state budget shortfalls and other important questions that are members have sent, thank you! A message from NMERB’s Chief Investment Officer and Executive Director As you know, we are living in unprecedented times, between the current turmoil in the investment markets and the disruption to our daily lives caused by the COVID-19 pandemic. At NMERB we know that our most important duty every month is paying retirement benefits to our 50,000 retirees. This is a commitment that we will honor, regardless of what is happening in the world or the financial markets. NMERB is a long-term investor and we have structured this well-diversified investment portfolio to withstand financial market downturns. Be assured that ERB’s professional investment staff will continue their best efforts on your behalf. Please know that you will continue to receive your monthly retirement check during good markets and bad as well as during times of pandemic-driven shutdowns and “normal” times. Our concern and hope for your good health and the health of your loved ones goes out to you all. Sincerely, Bob Jacksha, Chief Investment Officer Jan Goodwin, Executive Director >Click here for the 2020 Board Calendar, Public Meeting Notices and Agendas< >>>>NEW INFORMATION (3/17/20) --- Purchase of service credit based on accumulated sick leave beginning July 1, 2020 NEW INFORMATION (3/6/20) ---New Legislative Changes—Return-to-Work; Substitutes; PERA Retirees (SB 111) ATTN: Return To Work Retirees It is our understanding that a third party entity (temp agency) is providing letters to NMERB retirees interested in substitute teaching. This letter states that the retiree returning to the classroom will be responsible for making their own individual contributions to the New Mexico Educational Retirement fund and to contact NMERB directly to determine the required amount. PLEASE NOTE: This letter contains many inaccuracies. All contributions must be submitted electronically through the retiree’s school or school district. For further information regarding Return To Work please see below and click HERE for Return to Work Questions and Answers. NMERB Return to Work Memos : >>>Return to Work-Guidance on FTE status for retirees Memo >>>Return to Work- Post Retirement Memo Public Updates (2020) Notice of Public Rule Hearing on 6.19.2020 Rule 2 Proposed Amendments Rule 4 Proposed Amendments Rule 5 Proposed Amendments Rule 7 Proposed Amendments ************************************************************************************************************ >>>NMERB Senate Finance Committee Presentation - 1/22/2020 >>>NMERB 2020 Legislation Fact Sheets >>Press Releases<< June 2019 Investment Returns 2020 Cost of Living Adjustment for Retirees 2019--We are NMERB, Social...