Retirement BenefitsSanta Fe County employees are required to participate in the Public Employee Retirement Association (PERA) retirement program. For retirement eligibility, you must meet one of the following age and service requirements to qualify for retirement under PERA: Prior to July 1, 2010 Age and Service Credit Eligibility Requirements for an Individual Who Initially Became a Member in Municipal General Member Coverage plans 1,2,3, and 4 and in State General Member Coverage Plan 3:
Santa Fe County pays 19.01 percent of employees gross pay and employee pays 3.29 percent of gross pay bi weekly After July 1, 2010 Age and Service Credit Eligibility Requirements for an Individual Who Initially Became a Member* And is Not a Peace Officer* in Municipal General Member Coverage plan 3, and 4 and in State General Member Coverage Plan 3:
*Peace Officer means any employee of the state or a municipality with a duty to maintain public order or to make arrests for crime, whether that duty extends to all crimes or its limited to specific crimes, and who is not specifically covered by another coverage plan. Positions considered to be Peace Officers include Special Investigators for the Department of Public Safety, Motor Transportation Officers for the Department of Public Safety and Conservation Officer for the Game and Fish Department. Santa Fe County pays 19.01 percent of employees gross pay, and employee pays 3.29 percent of gross pay bi weekly Uniformed law enforcement and Firefighter members in Municipal Police and Fire Member Coverage plan 5 are eligible for normal retirement at any age with 20 or more years of service credit. Santa Fe County contributes 33.4 percent and Firefighters contribute 4.05 percent PERA Handbook (PDF) State of New Mexico Deferred Compensation through Nationwide Insurance – Employees have the opportunity to investment in their own retirement plan by making contributions towards their future on a pre-tax basis. Please visit www.newmexico457dc.com |
