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  • Employee Exclusion From Pera Membership - Public Employees ...

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PUBLIC EM PLOYEES RETIREM EN T A SSOCIA TION OF N EW M EXICO PUBLIC EM PLOYEES RETIREM EN T BOA RD P.O. Box 2123, Santa Fe, New Mexico 87504-2123 (505) 476-9401 fax (505) 476-9300 voice (800) 342-3422.

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How to fill out the Employee Exclusion From Pera Membership - Public Employees online

Completing the Employee Exclusion From Pera Membership form is a crucial step for public employees seeking exclusion from PERA membership. This guide provides clear, step-by-step instructions to help you fill out the form accurately and efficiently online.

Follow the steps to complete the form correctly.

  1. Press the ‘Get Form’ button to access the Employee Exclusion From Pera Membership form. This will allow you to open the document and begin filling it out.
  2. Fill in your Employee Information. This includes your Social Security number or PERA ID number, first and last name, middle initial, and your address type (permanent, temporary, or mailing). Be sure to provide your complete street address, city, state, zip code, home and business telephone numbers, and email address.
  3. Indicate your current marital status by checking the appropriate box: never been married, married, divorced, or widowed. Enter your date of birth and the city and state where you were born.
  4. Review the employee exclusion categories located on the reverse side of the form. Check one box that applies to your situation, ensuring you select only one category from the following options: PERA retiree working as a legislative worker, PERA retiree at time of affiliation, etc.
  5. Read the Employee Certification section carefully. You are acknowledging that the exclusion you are applying for disqualifies you from certain benefits. Sign and date this section to confirm your understanding.
  6. If applicable, your employer will need to complete the Current Employment Information section. This includes the employer's name, mailing address, city, state, zip, date employed, current position, termination date, employer number, and certification details of the authorized signatory. Ensure this section is completed where required.
  7. Review all the information entered to ensure accuracy. Once everything is confirmed, you can save the changes, download a copy for your records, print the form, or share it as needed.

Complete your Employee Exclusion From Pera Membership form online today to ensure your exclusion is processed promptly.

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No. PERA is a defined benefit plan subject to both state and federal restrictions on participant access to the account until termination of public service. While loan provisions may apply to 401(k), 403(b), and some other retirement plans, they are prohibited for PERA.

As a defined benefit retirement plan, PERA provides you with benefits to help you on your journey to retirement. As a PERA member, you contribute a percentage of every paycheck to PERA. In exchange, you'll receive a lifetime defined benefit payment, or a pension, at retirement.

Box 13 — To indicate that a person contributes to PERA, put an "X" in the "Retirement plan" in box 13. This alerts the IRS that the individual belongs to a 401(a) tax-qualified pension plan.

PERA serves as a substitute for Social Security; instead of paying the 6.2 percent FICA tax (made up of 5.3 percent for Old-Age and Survivors Insurance and 0.9 percent for Disability Insurance), most PERA members currently contribute 8 percent of pay to PERA (although provisions in Senate Bill 18-200 will increase ...

All these programs are qualified retirement plans under Section 401(a) of the Internal Revenue Code. Benefits are funded by investment earnings, the employer, and its employees. Contributions over a member's career are made by both the member and employer, and invested and managed by the State Board of Investment.

If you are eligible for both a PERA benefit and a Social Security benefit, your PERA benefit will never be reduced due to any Social Security benefit you may receive.

All these programs are qualified retirement plans under Section 401(a) of the Internal Revenue Code. Benefits are funded by investment earnings, the employer, and its employees. Contributions over a member's career are made by both the member and employer, and invested and managed by the State Board of Investment.

PERA continues to have an important economic impact to the State, as approximately 92% of the $1.42 billion in retirement benefits paid out in FY 2023 were paid to retirees living in New Mexico. In 2023, the average annual pension was $31,268.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232