You are here: Home Employees Employee News Educational Retirement Board Clarifies Annual Statements
Posted March 21, 2012

Note: This news item is more than a year old. Browse for more current news.

Educational Retirement Board Clarifies Annual Statements

Switch was made from calendar year to fiscal year.

APS employees recently received statements from the NM Educational Retirement Board (ERB) regarding their years of service, contributions and wages.

Because the ERB changed from calendar year to fiscal year for calculating the number of years of service credits employees receive, the 2012 year showed a .50 because it only took into consideration the fiscal year beginning July 1, 2011, through Dec. 30, 2011. If employees continue to work through June 30, 2012, the 2012 calculation of service credit will equal 1.0.

The statements sent last year reflected wages, contributions and service credit based on the calendar year, January through December.

“This year, we went back to fiscal years, because when someone retires we calculate your service credit and retirement based on fiscal years,” the ERB said in a written statement.

If APS staff members believe there is an error on their wages, they should call the APS Payroll Office at 872-6880.

Document Actions
Filed under:
News
Class of 2019 Graduates the Week of May 13
The 13 comprehensive high schools will hold their commencements at Tingley Coliseum, and the magnet school ceremonies will be at the National Hispanic Cultural Center.
A Few Spots Left for Superintendent’s Cup
July 19 at Sandia Golf Club
More National Merit Scholarship Winners
Congratulations to the recent graduates who received scholarships financed by U.S. colleges and universities.
Blue Cross and Blue Shield of New Mexico Invests in Innovative APS STEM Programs
Story Time in the Park
Monday through Thursday, June 11-July 19, at 25 summer lunch meal sites in the City of Albuquerque and Bernalillo County. Lunch is served at all sites from 11 a.m.- 1 p.m. Monday through Friday.