Can I opt out of Nmerb?
If you terminate your employment with a New Mexico Educational Retirement Board(NMERB)-covered employer/employers prior to retirement, you have the option to leave your contributions with NMERB. If you are vested with NMERB you are eligible for a lifetime retirement once you meet retirement eligibility requirements.
At what age can you retire in New Mexico?
What is the rule of 75 for retirement?
More Definitions of Rule of 75
Rule of 75 means the termination of Participant's employment for any reason other than Cause if the sum of Participant's age and completed years of service with the Firm equals at least 75 on the date of his or her termination of employment.
How many years do you have to teach to retire in New Mexico?
Who Qualifies for a Teacher Pension in New Mexico? Like most states, teachers need to serve a number of years before qualifying for a pension. New Mexico has a 5 year vesting period. While educators qualify for a pension after 5 years of service, the pension may not be worth all that much.