Albuquerque Public Schools
Retirement and Voluntary Retirement Savings Accounts
Find information about Educational Retirement Benefits, Voluntary Retirement Savings Plan options.
Retirement
New Mexico ranks among one of the highest states for Educational Retirement Benefits (ERB). Your retirement contributions are matched by APS to provide the funds for the ERB pension plan. Go to the New Mexico Educational Retirement Benefits website for more information.
Update on Retirement Contribution Limits for 2025
There are updated retirement contribution limits for 2025. These are important updates regarding 401(k), 403(b), and 457(b) retirement plan contribution limits for 2025, including a significant increase in catch-up contributions specifically for employees aged 60 to 63. These changes are to help you maximize your retirement savings and plan more effectively for the future. Read about the 2025 Retirement Plan Contribution Limits Overview.
Voluntary Retirement Savings Plans
If you are an active APS employee, you are eligible to participate in the voluntary retirement savings plans. APS offers both the traditional retirement plan option (before-tax contributions) and the Roth retirement plan option (after-tax contributions.)
You may enroll in the 403(b) or 457 plans at any time during the year, and your contributions will start with the first paycheck of the month following the date APS receives notification of your enrollment. (The plan administrators will notify the Employee Benefits Department once you set up your payroll contributions.) Winter break and summer payroll schedules and deadlines can impact your contribution start date.
Contributions for either the 403(b) or 457 plans are taken out of two paychecks per month.