New Mexico Administrative Code

Permanent.

June 16, 2015, unless a later date is cited at the end of a section.

Clarifies requirements for disability retirement.

(Reserved.)

A. After the initial payment of benefits, payments shall be processed or mailed monthly, not later than the last day of the month for which they are paid. B. At the time of death, a retired member's benefit shall be paid in accordance with the option selected, or if none was sele…

A. Once each calendar quarter, administrative units shall be required to report to the educational retirement board "the full-time equivalency" of members retired for age or service and members receiving disability benefits. B. A member receiving disability benefits may engage in…

Educational Retirement Board, P. O. Box 26129, Santa Fe, New Mexico 87502-0129.

Recognizing the important and perpetual nature of the fund and the fiduciary responsibilities of the board, the primary goal in investing the assets shall be to provide significant real returns adjusted for inflation with acceptable risk (volatility). The "prudent investor" stand…

A. The board shall adopt a written investment policy as required by Section 22-11-13(B) NMSA 1978 which establishes a policy for the investment and management of the educational retirement fund. At least annually, the board shall review, ratify and provide its written investment …

This rule establishes guidelines for investment of the educational retirement fund under management by the educational retirement board (ERB), and it applies to the educational retirement board, the director of the agency, the investment committee and the investment division staf…

The Educational Retirement Act, Sections 22-11-1 to 22-11-53, NMSA 1978.

Permanent.

June 30, 1999, unless a later date is cited at the end of a section or paragraph.

Explains the organization and composition of the investment committee and investment division, and clarifies the policies and practices for investment of the ERA fund.

A. The investment committee shall be composed as set forth in 2.82.1.14 NMAC. B. The investment committee shall meet regularly each calendar quarter with additional meetings as required. The committee shall elect a chairman annually who shall call special meetings and preside at …

A. The investment division of ERB shall be managed by the chief investment officer under the direction of the director. B. The role of the investment division is detailed in the investment policy.

Educational Retirement Board, P. O. Box 26129, Santa Fe, New Mexico 87502-0129.

This rule applies to local administrative units and state agencies required to file reports on contributions to the Educational Retirement Act (ERA) fund.

The Educational Retirement Act, Sections 22-11-1 to 22-11-55 NMSA 1978.

Permanent.

June 30, 1999, unless a later date is cited at the end of a section or paragraph.

Instructions for preparing and filing timely reports, and specifies penalties for late filing of reports or late deposit of contributions.

A. Instructions for the preparation and handling of employer reports and monthly remittances by the local administrative units shall be outlined in detail once each year and electronically transmitted to each local administrative unit by the director. B. Employer reports shall en…

Public Employees Retirement Association, P. O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects the members, former members, retirees, beneficiaries, public employers, the retirement board, and the association under the Judicial Retirement Act.

This rule is authorized by NMSA 1978, Section 10-12B-3, as amended.

Permanent.

November 1, 1994 unless a different dates is cited at the end of a section.

The objective of this rule is to define terms used in the Judicial Retirement Act and its rules and regulations.

A. "Judicial agency" means the district courts, the metropolitan courts, the court of appeals, the supreme court, or the administrative office of the courts or the employer that pays the member's salary. B. "Public employer" means any employer covered under any state system or th…

Public Employees Retirement Association, P. O. Box 2123, Santa Fe, New Mexico 87504-2123

This rule affects the members, former members, retirees, beneficiaries, public employers, retirement board and the association under the Judicial Retirement Act.

This rule is authorized by NMSA 1978, Sections 10-12B-3.

Permanent.

July 1, 1992 unless a different date is cited at the end of a section.

The objective of this rule is to establish procedures and requirements for appealing denials of claims for benefits.

The provisions of 2.80.1500 NMAC shall govern the appeal of a denial of a claim for benefits by a judge, justice or retiree under the Judicial Retirement Act.

Public Employees Retirement Association (PERA), P. O. Box 2123, Santa Fe, New Mexico 87504-2123

Pension payments will be processed or mailed monthly, not later than the last day of the month for which they are paid. A. A retired member may have the pension warrant mailed directly to any location specified in writing by the retired member; provided, however, that after Decem…

This rule affects members, retirees, beneficiaries, public employers, retirement board and the association under the Judicial Retirement Act.

A.A member who retires must remain unemployed by an employer covered by any state system or the educational retirement system. This section does not apply to a retired member who:(1)performs work for an employer covered by any state system or the educational retirement system as …

This rule is authorized by Sections 10-12B-3 and 10-12B-17 NMSA 1978, as amended.

When a retired member is subsequently employed by an affiliated public employer, causing suspension of pension and resulting in re-establishment of PERA membership, that person will be eligible to reinstate his or her pension at the termination of the subsequent employment period…

Permanent.

If a retired member contracts to perform work for any public employer, the following conditions shall apply: A. Post-retirement employment contracts with public employers must be submitted to PERA at least 15 working days prior to the effective date of the contract. PERA shall ev…

July 1, 2015, unless a later date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for the payment, suspension, and reinstatement of pensions of retired members; to establish notification and reporting requirements for post-retirement employment; and to establish conditions for retired members …