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Payroll Deduction Changes Effective July 1

In July 2011, the New Mexico Educational Retirement Board (NMERB) contribution rate for employees increased by 1.75 percent. Effective July 1, 2012, the 1.75 percent contribution rate is shifting from the employee to the employer (CNM), resulting in an increase in employee's net take-home pay.

Aug 30, 2016

In July 2011, the New Mexico Educational Retirement Board (NMERB) contribution rate for employees increased by 1.75 percent. Effective July 1, 2012, the 1.75 percent contribution rate is shifting from the employee to the employer (CNM), resulting in an increase in employee's net take-home pay.