Public Employees Retirement Association of New Mexico (PERA)

2023 COLA Update

PERA retirees will be receiving a .5% (half of one percent) compounding COLA, which will be included with your 2023 July benefit payment.

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House Bill 106 - What You Need to Know

Effective June 16, 2023, House Bill 106 (HB106) will allow members of all coverage plans to surpass the current allowable maximum benefit of 90% of their final average salary. It will allow members to earn up to 100% of their final average salary.

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Redesigned W-4P

The Internal Revenue Service (IRS) redesigned the W-4P in 2022 with substantial changes to the federal tax withholding elections available. Use of the form was optional for tax year 2022, however the IRS requires the new form to be used beginning January 2023.

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PERA's FY 2022 Financial Reports Available for Review

PERA’s fiscal year 2022 Annual Comprehensive Financial Report and Popular Annual Financial Report are released and available for review.

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Video Library

Wanting to learn more about your PERA? Visit PERA's Video Library for many PERA-related educational videos.

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2023 COLA Update