ALERT: NMERB was notified that sales professionals have contacted some NMERB members claiming to represent us and offering insurance products for purchase. We do NOT authorize any vendor to sell products to our members, so if you are contacted in this manner please gather the sales professional’s information (name, company name, address, phone number) and provide it to NMERB. We will then contact the firm and demand that they cease this activity.
Notices and Events
ATTN Retirees who receive paper checks:
Checks will be mailed as scheduled on the last business day of the month. Due to the recent change in the State of New Mexico, Department of Finance and Administration (DFA) check printing policies, beginning April 2016, monthly pension checks mailed by the New Mexico Educational Retirement Board (NMERB) will look a little different. Retirees who receive paper checks in the mail will now receive standard-sized paper checks in white window envelopes. This is a change to the format of your paper check only, not a change in the payment process. Be sure to look for our white envelope beginning this month!
This change only affects retirees who receive paper checks. Those retirees who normally receive monthly benefit payments by ACH direct deposit at their bank are not affected.
Effective January 1, 2016, the New Mexico Educational Retirement Board (NMERB) contracted with a third-party administrator, Managed Medical Review Organization, Inc. (MMRO), to review disability applications and supporting medical documentation.
If you are contemplating applying for Disability Benefits, contacting NMERB will be your first step. Once NMERB ensures that you qualify to apply for Disability Benefits, an estimate of benefits will be mailed to you along with the necessary forms for you to complete and return to NMERB. A claims liaison from MMRO will then send you an application for the disability packet and will work with you directly from that point until a final determination on your case has been made.
NOTICE OF PROPOSED RULE CHANGES AND PUBLIC COMMENT PERIOD
Public comment period from November 15, 2016 to January 20, 2017
A rulemaking hearing will be held during the Board’s February 10, 2017 board meeting in regards to the quorum and composition of NMERB’s Investment Committee. Written comments will be accepted until 5 p.m. January 20, 2017 and may be sent via e-mail to firstname.lastname@example.orgOral comments will also be accepted at the February 10, 2017 Board meeting. The proposed changes to Rule 2.82.1 NMAC and Rule 2.82.8 NMAC are regarding the quorum and composition of NMERB’s Investment Committee. Please see the links below for the notice of rulemaking and the text of the proposed rules.
Link: Proposed Rule changes (184.108.40.206 NMAC and 220.127.116.11 NMAC)
During the August 26, 2016 NMERB Board meeting, the Board passed changes to NMERB Rule 2 (18.104.22.168(B) NMAC) clarifying the aggregation of a member’s full time equivalency (FTE) with multiple employers. The change was published in the New Mexico Register and became effective on September 30, 2016. [LINK: to 2.82.2NMAC pdf--- attached]
PUBLIC UPDATES (2016)
Board Of Trustees Meeting Agenda--posted 12/2/16
Investment Committee Meeting--posted 11/30/16
Public Meeting Notice--posted 11/30/16
Investments gain at New Mexico pension, permanent funds (AP Article)--posted 11/16/16
Audit Committee Meeting--posted 11/14/16
Investment Committee Meeting Agenda--posted 11/12/16
Educational retirement fund on track to reach long-term funding goals (Press Release)--posted 11/10/16
Public Meeting Notice (November)--posted 11/3/16
Flash Report from NEPC (June 2016) --posted 8/3/16
2016 Cost of Living Adjustment for Retirees --posted 8/3/16
NMERB Fiscal Year Investment Results (Press Release) --posted 8/1/16
NMERB Transparency Policy--posted 6/27/16
GASB Letter to the Editor - posted 1/11/16