New Mexico Administrative Code

Permanent.

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

The objective of this rule is to establish procedures and requirements for the refund of contributions under the Magistrate Retirement Act.

A. "Another qualified plan," for the purposes of the direct rollover provisions in Section 10-11-124(C) NMSA 1978, means an eligible retirement plan, including: (1) an individual retirement account described in Internal Revenue Code Section 408(a); (2) an individual retirement an…

A. A member who leaves office for reasons other than retirement may request a refund of his or her total accumulated member contributions. Refunds shall include interest as provided in Subsection (D) of this section. B. No partial refund of a member's contributions is permitted. …

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

A. The following information must be contained in a divorce decree or order which divides the community interest in MRA retirement pensions or contributions: (1) specific information identifying the parties, i.e., full names, addresses, social security numbers, retirement numbers…

This rule affects members, former members, retirees, beneficiaries, and the association under the Magistrate Retirement Act (MRA). This rule also affects the spouses and ex-spouses of members, former members and retirees under the act.

A.The following information must be contained in an order to withhold amounts due in satisfaction of current or delinquent child support obligations. (1) specific information identifying the member or retired member, i.e., full name, address, social security number, retirement nu…

This rule is authorized by Sections 10-12C-3 and 10-12C-7 NMSA 1978, as amended.

Pursuant to Section 10-12C-7 NMSA 1978, MRA retirement accounts are not subject to legal process under other state laws, except for division of a community interest in such accounts or in enforcement of child support obligations, both as provided in Section 10-12C-7 NMSA 1978. In…

Permanent.

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 dividing the community interest in retirement pensions or contributions and for withholding from retirement pensions/contributions the amounts due pursuant to a child support enforcement order.

(Reserved.)

Public Employees Retirement Association, 33 Plaza La Prensa, Santa Fe, NM, 87507

A. The following procedure governs the process for retirement: (1) The member shall request an application for retirement from PERA. To ensure that the member may retire on the date the member has chosen, the completed application should be returned to PERA, with the required doc…

A magistrate who becomes disabled prior to retirement can make application for benefits in accordance with 2.80.1000 NMAC.

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

The maximum annual benefit limits contained in Internal Revenue Code Section 415(b), as amended and adjusted, are incorporated herein by reference. Notwithstanding any other provision of the Magistrate Retirement Act and regulations, all benefits paid from the magistrate retireme…

This rule is authorized by Sections 10-12C-3, 10-12C-8, and 10-12C-9 NMSA 1978, as amended.

Notwithstanding any provision of the of the Magistrate Retirement Act and regulations, the annual compensation of each magistrate that is taken into account under the plan, including for benefit calculation purposes, for any year does not exceed the limit specified in Internal Re…

Permanent.

October 10, 2023, unless a different date is cited as the end of a section.

The objective of this rule is to establish standards and procedures for the payment, of pensions of retired members.

Public Employees Retirement Association, 33 Plaza La Prensa, Santa Fe, NM, 87507

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

This rule is authorized by Sections 10-12C-3 and 10-12C-13 NMSA 1978, as amended.

Permanent.

October 10, 2023, unless a different date is cited at the end of a section.

The objective of this rule is to establish the procedure for the payment of a survivor pension under the Magistrate Retirement Act.

The procedure for payment of a survivor pension is: A. Applicants for pre-retirement survivor pensions shall notify PERA of the death of the member and complete an application for benefits. B. The completed application shall be returned to PERA along with the following documents:…

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

This rule affects retired members who are not covered by the Retiree Health Care Act and the association under the Magistrate Retirement Act.

This rule is authorized by NMSA 1978, Sections 10-12C-3 and 10-12C-15, as amended.

Permanent.

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

The objective of this rule is to establish a procedure for certain members to continue group insurance coverage.

A. Each retired member who desires to continue insurance coverage under the provisions of any state group insurance plan in effect at the time of retirement, is required to file with the association the appropriate documentation. B. In the event a retired member desires to termin…

Public Employees Retirement Association

This rule affects participants and the deferred compensation third party administrator under the Deferred Compensation Act.

This rule is authorized by NMSA 1978, Section 10-7A-11.

Permanent.

December 29, 1989 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for handling withdrawal applications for financial hardship.

A. Unforeseeable emergency withdrawal applications. The deferred compensation third party administrator shall handle the processing of unforeseeable emergency withdrawal applications including, but not limited to: (1) sending out withdrawal applications; (2) answering questions o…

In accordance with the Deferred Compensation Act, the board shall adopt and amend a deferred compensation plan. The plan shall comply with the requirements of Internal Revenue Code Section 457, as amended, and may be amended to include provisions that allow for trustee-to-trustee…