Calculators
Estimate your Retirement Benefits
Your MyNMERB self-service account provides a real time calculation based on posted salaries and service credit. The calculation is based on your individual Tier retirement eligibility and age at the time of retirement. Login to the MyNMERB Account Member Portal to calculate an estimate tailored for you.
This calculator will give you an estimate of your annual and monthly gross (pre-deduction) retirement benefits. This is provided as a retirement planning tool to help you estimate your future retirement benefit. Calculations are estimates only.
Read the Calculator Disclaimer before using the calculator.
Military Service Purchase
Allowed Service Credit
You may purchase up to five years of allowed service credit if you have served in the US Military or the Commissioned Corps of the Public Health Service previous to your ERB service.
The cost to purchase Military Service is based on the average of the last 20 quarters earned multiplied by the Employee Contribution Rate % + the Employer Contribution Rate% = cost of 1 year. (ex: $55,000 x 24.85% = $13,667.50 for 1 year of allowed service credit).
This calculator will give you an estimate of cost to purchase allowed service credit. Please do not send any payments based on these calculations. Any payments received by NMERB without a Purchase Agreement in place will result in monies returned to the sender.
Once you have used the calculator, received your estimated cost, and you are interested in making a purchase, please contact NMERB Member Services and request a Purchase Agreement. You must be vested and submit a DD214.
Read the Calculator Disclaimer before using the calculator.
Out of State Employment or Private Employment in New Mexico
Allowed Service Purchase
You may purchase up to five years of allowed service credit if you have worked for any of the following institutions:
A public school or institution of higher learning anywhere in the US:
- A US Military Dependents’ School.
- A federal educational program in New Mexico.
- An accredited private school or institution of higher learning in New Mexico.
The cost to purchase service credit is based on an actuarial cost that reflects your length of service and current earnings. This calculator will give you an estimate of cost to purchase allowed service credit. Please, do not send any payments based on these calculations. Any payments received by ERB without a Purchase Agreement in place will result in monies returned to the sender.
Once you have used the calculator, received your estimated cost, and you are interested in making a purchase, please contact NMERB Member Services and request a Purchase Agreement. Application required.
Read the Calculator Disclaimer before using the calculator.
Sick Leave Credit
Earned Service Credit
This calculator will provide you with an estimate of how much it will cost. The cost is based on current actuarial assumptions and will be different for each member based on their individual circumstances.
If you have acquired at least five years of earned service credit you may purchase additional service credit based on unused sick leave. The amount of unused sick leave one needs to have accumulated in order to purchase service credit is detailed in the chart below. By statute eight hours of sick leave equals one day of sick leave:
This calculator will give you an estimate of cost to purchase earned service credit. Please do not send any payments based on these calculations. Any payments received by NMERB without a Purchase Agreement in place will result in monies returned to the sender. Once you have used the calculator, received your estimated cost, and you are interested in making a purchase, please contact NMERB Member Services and request a Purchase Agreement. Application and print screen of estimated cost required.
Read the Calculator Disclaimer before using the calculator.
Online Calculator Use Disclaimer
The Retirement Benefits Calculator provides you an unofficial ERB benefit estimate. You can use this estimate to guide you in retirement planning. The estimate is non-binding between you and NMERB and does not guarantee you a benefit. All benefits are determined according to the Educational Retirement Board Law.
For an official benefit estimate, we recommend that you contact ERB one year prior to your expected retirement date to make sure that your service credit information and salary history are accurate.
If you are interested in purchasing service credit the calculators provided for Allowed Service Credit: Military Service, Out of State Employment, or Private Employment in New Mexico; Earned Service Credit: Sick Leave Credit; the calculated cost is only an estimate. The estimate is non-binding between you and NMERB.
Do not send any payments based on these calculations. Any payments received by ERB without a Purchase Agreement in place will result in monies returned to sender.
Here’s how the calculators work:
- You provide the correct information.
- Assumptions are made based on your information.
The law takes precedence in any conflict between information you provide and the law.
Managing the retirement assets of New Mexico Educators since 1957.
Business Information
Hours
Monday - Friday
8:00 am - 5:00 pm
Mailing Address
PO Box 26129
Santa Fe, NM 87502
Santa Fe & Albuquerque
Call Center
505-585-3510
Toll-Free
1-800-663-1919
Santa Fe & Albuquerque Fax
1-866-463-9221
Locations
Santa Fe
701 Camino de los Marquez
Santa Fe, NM 87505
Albuquerque
8500 Menaul Blvd. NE, Suite B-450
Albuquerque, NM 87112