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:
Spring Break, Spring Cleaning
In her weekly message to employees, Supt. Reedy wishes everyone a Happy Spring Break and encourages donations of gently used clothing to the Spring Cleaning Drive for the APS Community Clothing Bank.
We're Collecting Gently Used Clothes for Students in Need
Drop them off at City Centre from 7:30-2 p.m. Friday, April 6.
Teacher of the Month Terry Kominiak, Corrales ES
Pepsi and the APS Education Foundation recognize some of our outstanding teachers.
Aztec's Imagination Playground Encourages Creative Play
Blue Cross and Blue Shield of New Mexico and KaBOOM! partnered with the APS Education Foundation to provide new playground equipment at the APS Aztec Special Education Complex.
Meet Selfless Senior Sasha Butcher
We continue to introduce the 2018 Selfless Seniors who will be recognized during the Gold Bar Gala on April 27.