A penalty of fifty dollars ($50) per day shall be assessed for any employee and employer contribution transmittal report that is untimely. Untimely is defined as fifteen (15) days after the end of the month in which the transmittal report was due.

PERA is a 401 (a) qualified governmental plan that is governed by the New Mexico Public Employees Retirement Act

Deferred Contributions are Pre-Tax Contributions and Non-Deferred Contributions are after Tax Contributions. If you are not certain what your Entity falls under you can reach out to your Contribution Accounting Representative.

No matter how or why the employee is no longer employed, the employee status must be reported to PERA electronically through the PERA RIO system. The status must be reported in the employer regular report or in an adjustment report if the regular report has already been posted with a Status Code: Termination and Status Date Last date employee worked Applies to Municipalities & Counties only

You can email your Contribution Accounting Representative and request access. If you don't know who your representative is you can email PERA Contributions group email PERA-ContAcct@state.nm.us. Please include your Name, Entity, Email, and Title.

PERA Rule 2.80.400.10 (4) Elected officials who file with the association a written application for exemption from membership using the form prescribed by the association within twenty-four (24) months of taking office. Prior to filing the application for exemption, the elected official shall be a member. An application for exemption may be subsequently withdrawn by filing with PERA an executed PERA Membership application form.

PERA Rule 2.80.500.8 (B) The employer shall transmit to PERA the member and employer contributions for every member it employs for each pay period on or before the fifth working day following the payday applicable to the pay period. The contributions shall be accompanied by a transmittal report in a format designated by PERA, which shall clearly set forth the amount of employer and member contributions, and adjustments for prior pay periods if applicable, transmitted.

When an adjustment is created, the report will remain in a suspended status until an email has been sent to your assigned PERA representative for review and acceptance of the report. Please make sure any records included in the adjustment are cleared and not in a suspended status as this could cause a delay in processing the report. Below is a breakdown on what information should be included in the email :Adjustment pay period end date: PPE MM/DD/YYYY Brief explanation of what the adjustment is for Please keep in mind PERA will not accept an adjustment report if the regular report has not generated an invoice or posted