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Box 2123, Santa Fe, New Mexico 87504-2123 (505) 476-9401 fax (505) 476-9300 voice (800) 342-3422 Tol

Box 2123, Santa Fe, New Mexico 87504-2123 (505) 476-9401 fax (505) 476-9300 voice (800) 342-3422 Tol-2025

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The document is a form from the Public Employees Retirement Association of New Mexico, designed for members to update their personal information, including name changes, marital status, and contact details. It requires members to provide their Social Security number or PERA ID, along with effective dates for any changes.

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What is the average PERA pension in New Mexico?

The average monthly retirement benefit for members is $2,606. PERA serves 47,855 active employees and 45,216 retired members and survivor beneficiaries. New employees contribute 7.42-10.92% of pay to PERA. After a 30-year career, a pension benefit from PERA will replace 50% to 75% of an employees final average salary.

How does New Mexico PERA work?

Because PERA is a defined benefit plan, you are guaranteed life-long monthly benefits after retirement. Benefits are paid when certain age and service credit eligibility requirements are met, regardless of the amount of member contributions paid into the plan.