Application for Retirement
ERA Process
For those employees preparing to retire through ERA, Retirement 101, a class offered by
Learning Central, is the best place to begin. This class is open to
anyone who wants to learn more about the ERA retirement process at UNM,
whether someone thinking about retirement or a newly hired employee.
The class will provide information about this valuable UNM benefit and
is free to employees.
Retirement 101 is jointly taught by representatives from both ERA and
the UNM Benefits office. The two-hour class will explain the ERA
Retirement process, what to plan for prior to retirement, UNM benefits
available to retirees, the Medicare process for 65+ retirees, and more.
ARP Process
- Notify your department in writing of your intentions to retire and
your last scheduled day of employment with UNM.
- Contact your ARP provider and apply for your annuity distribution.
TIAA-CREF can be reached at 800-842-2009 or on the Web at http://www.tiaa-cref.org/ .
VALIC can be reached at 800-448-2542 or on the Web at http://www.aigretirement.com.
- Contact Retirement Services at 277-6947 in writing to notify them
of your application for you annuity distribution from your ARP
provider.
- Submit a signed UNM Benefit Election form to the HR Service center
if you are eligible to continue benefits into retirement.
Retirement Eligibility Requirements
In order to retire under the UNM Alternative Retirement Plan, you
must be separated from employment with UNM.
Insurance Continuation for ARP Participants
To retain UNM retiree benefits, you must provide proof of your
application to receive benefits from your ARP provider to the UNM Human
Resources office and have met the following criteria:
- You must be 59 ½ years of age,
- You must have completed a minimum of 5 consecutive years of service
with UNM immediately prior to retirement, AND
You must have been actively enrolled in health, dental, and life
insurance benefits by a local group health insurance policy for at least
4 of those 5 years, and have been enrolled in one of the UNM health
insurance plans during the last 12 consecutive months of employment at
UNM.
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