New Mexico Administrative Code

November 15, 1997 unless a different date is cited at the end of a section.

The objective of this rule is to clarify how leave without pay status affects members of the association.

[Reserved]

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

[Reserved]

This rule applies to the public employees retirement board and its investment managers and brokerage firms.

[Reserved]

This rule is authorized by NMSA 1978, Sections 10-11-130, 10-11-132, 10-11-133 and 10-11-133.1, as amended.

A. Statement of policy: The New Mexico public employees retirement board adopts the following statement as its policy with respect to securities transactions of the PERA investment funds. (1) The board serves as trustee of the retirement funds created under the Public Employees R…

Permanent.

May 4, 1994 unless a different date is cited at the end of a section.

The objective of this rule is to set the public employees retirement board's investment policy for investments of funds under NMSA 1978, Sections 10-11-132 and 10-11-133, as amended.

[Reserved]

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

A. Full-time employees who work 40 or more hours in a week and part-time employees who work 20 or more hours but fewer than 40 hours in a week shall be members. B. The following employees are excluded from coverage:(1) Retired members of PERA or retired members from any other sta…

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

A. Members or former members whose employment has been terminated and who are reinstated PERA back benefits and the associated back-pay from an affiliated public employer pursuant to a settlement agreement, court order, or administrative decision may acquire service credit and re…

This rule is authorized by NMSA 1978, Sections 10-11-3, 10-11-4, 10-11-124, 10-11-130, as amended.

The member is responsible for providing in writing to the association any change of the member's address.

Permanent.

All employees of an affiliated public employer are required to be members of PERA, except for those employees excluded by statute. Except in the case of elected officials who file with the association a written application for exemption from membership using the form prescribed b…

July 1, 1993 unless a different date is cited at the end of a section.

The objective of this rule is to clarify issues related to membership in the public employees retirement association.

[Reserved]

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

This rule affects affiliated public employers, their employees, the retirement board and the association under the Public Employees Retirement Act.

This rule is authorized by NMSA 1978, Sections 10-11-124 and 10-11-130, as amended.

Permanent.

December 15, 1995 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 remittance of contributions.

[Reserved]

A. In accordance with the Public Employees Retirement Act each state agency or affiliated public employer shall be responsible for deducting the applicable contribution from the salary or wages paid to each member for each payroll period. B. The employer shall transmit to PERA th…

A. Each affiliated public employer shall be responsible for deducting applicable contributions from the salary or wages paid to each re-employed retired member for each payroll period. The affiliated public employer shall make employer contributions in the amount specified in the…

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

A. Service shall be credited to the nearest month. (1) Members may receive one month of service credit for any calendar month in which the member becomes a member on or before the sixteenth day of that month, or for any calendar month in which the member leaves office or terminat…

This rule affects the members, former members, public employers, retirement board, and the association under the Public Employees Retirement Act.

A. In order to claim service credit for service rendered prior to August 1, 1947 or for a period prior to the employer becoming an affiliated public employer, a member shall:(1) file a claim for the period of employment showing specific beginning and ending dates of employment; (…

This rule is authorized by NMSA 1978, Sections 10-11-4, 10-11-6, 10-11-7, and 10-11-130, as amended.

A. No installment payment contracts may be used for the purchase of any service credit. B. The rate or rates of interest for the purchase or reinstatement of service credit shall be set annually by the board at a July meeting and shall be effective beginning the next succeeding J…

Permanent.

December 15, 1995 unless a different date is cited at the end of a section.

The objective of this rule is to establish standards and procedures for awarding and reinstating service credit.

A. "Full-time employee" means an employee who normally works eighty (80) hours in an eighty (80) hour pay period or forty (40) hours in a week. B. "Part-time employee" means an employee who works forty (40) or more hours but less than eighty (80) hours in an eighty (80) hour pay …

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…

This rule affects the members, retirees, beneficiaries, affiliated public employers, and the association under the Public Employees 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 PERA Act and regulations, all benefits paid from the PERA trust fund shall be distributed…

This rule is authorized by, Sections 10-11-8, 10-11-116, 10-11-130, 10-11-136 NMSA 1978, as amended.

Notwithstanding any provision of the PERA Act and regulations, the annual compensation of each member that is taken into account under the plan, including for benefit calculation purposes, for any year does not exceed the limit specified in Internal Revenue Code Section 401(a)(17…

Permanent.