UNM Retirement Plans

UNM Retirement Plans

 

ARP

Alternative Retirement Plan



The Alternative Retirement Plan (ARP) is a defined contribution plan. The benefit received upon retirement is based on the amount you have contributed during your career, subject to any investment gains or losses.

ERB

Educational Retirement Board
Defined Benefit Plan

The Educational Retirement Board (ERB) is a defined benefit plan. The benefit received upon retirement is defined by a prescribed formula based on years of service and an employee's age that may only be altered by the New Mexico State Legislature.

Supplemental

Supplemental Retirement Plans


As a UNM employee, you have the option to contribute to tax-deferred annuities (TDAs). These are designed to help you build extra savings by allowing you to reduce the current taxes and increase your earnings potential.

Disability

Disability Retirement Application

If an employee becomes disabled and can no longer work, he/she may be eligible to apply for disability retirement under the ERB, which oversees the defined-benefit and defined-contribution retirement plans.