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P UBLIC EMPLOYEES RETIREMEN T A SSOCIATION OF N EW M EXICO P UBLIC EMPLOYEES RETIREMEN T BOARD Print

P UBLIC EMPLOYEES RETIREMEN T A SSOCIATION OF N EW M EXICO P UBLIC EMPLOYEES RETIREMEN T BOARD Print 2025

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The document is a certification form from the Public Employees Retirement Association of New Mexico, intended for employers to verify the military service of their employees. It requires completion of two parts: Part A certifies the employee's service entry date into the military, and Part B certifies their return to work. The form must be filled out by the affiliated public employer and submitted to PERA for processing.

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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.

Is PERA mandatory in New Mexico?

Eligible employees are required by State of New Mexico law to join the Public Employees Retirement Association of New Mexico (PERA).

How long does a PERA retirement last?

Most members will deplete their contribution balance within three to four years of collecting their benefit. This means there are usually no contributions left in a members account upon death to pay out to a beneficiary or estate.

What is the average Indiana state pension?

Indiana for each dollar invested by Indiana taxpayers in TRF. Employees contribute 3% of salary out of each paycheck to the retirement fund. The average retirement benefit is $19,081 per year, or $1,590 per month.

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