Skip to content. | Skip to navigation

Personal tools

Posted: June 13, 2013

News

Most APS Employees Are Contributing More to Their Pension

The increase for employees earning $20,000 a year went into effect July 1.

APS employees who earn $20,000 a year or more are contributing a little more of each paycheck to their retirement fund as of July 1.

The annual employee contribution for those making $20,000 a year went from 9.4 percent to 10.1 percent. That amounts to $10.77 per paycheck for employees making $40,000 a year.

Employees who make less than $20,000 a year stayed at their current contribution rate of 7.9 percent.

The increase is part of an effort to improve the sustainability of the retirement fund for New Mexico educators. The employee contribution for those making $20,000 or more is scheduled to increase again next year to 10.7 percent.

The state Legislature provided funding for 1 percent pay raises for school district employees this year, which may help offset the increased retirement contribution. Employee pay is discussed as part of negotiations with the district’s six collective bargaining units.

For more information on retirement contributions, go to the New Mexico Educational Retirement Board website at www.nmerb.org.

Filed under: employees
News
Art & Music Coming to All Elementary Schools
We're hiring 20 music and art teachers each year for the next five so that students will have both subjects every year in elementary school.
Outstanding Employees Announced
The first group of employees honored by the APS Employee Recognition Program includes an activities director, leadership instructor, redirector and specialist.
#ADayInSchool -- Again!
We're promoting a social media campaign during the 2019 New Mexico Legislature to remind lawmakers, and the constituents they serve, of the important work we do on a daily basis.
Student of the Week Esperanza Biggs
A junior at Valley High School
Apply for a Foundation Grant
The APS Education Foundation is now accepting applications for Horizon, Achieve and Success awards.
Events
Jan 19
Metro Girls Swimming & Diving Championships
Jan 21
Martin Luther King Jr. Day (schools closed)
Jan 21
Board of Education Finance Committee Meeting - Jan 21, 2019
Jan 23
San Idelfonso Pueblo Feast Day
Jan 23
Board Members Attend Economic Forum - Jan 23, 2019
Jan 23
Board of Education District Equity and Inclusion Committee Meeting - Jan 23, 2019
Jan 23
NCAA Information Night — Del Norte HS
Jan 24
Board Members Attend 50th Annual NM Governor's Prayer Breakfast - Jan 24, 2019