New Mexico PERA Calculator: How to Use It
This calculator covers PERA State General Member Coverage Plan 3. Your tier, set by when you were first hired, decides your pension factor, FAS window and retirement rules.
What this calculator does
It multiplies your tier's pension factor (3.0% or 2.5%) by your projected service and FAS, caps the result at 100% of FAS, and checks whether you meet the normal retirement rules at the age you enter.
What each input means
PERA tier
Tier 1 if you were first hired on or before June 30, 2013 with contributions still on account. Tier 2 otherwise.
Years of PERA service
Service credit today. The calculator adds a year for each year you keep working.
Final average salary
Your highest 36 (Tier 1) or 60 (Tier 2) consecutive months of salary, as an annual figure.
Planned retirement age
The age you plan to start the pension.
Reading the result
A Tier 2 member at 60 with 22 years has 82 points and isn't eligible yet. Working to 61 and 6 months brings 23.5 years and 85 points. The July 2026 COLA rate shown applies the published rates to your projected pension and service.
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Frequently asked questions
Is Tier 2 the Rule of 80?
No. Tier 2 State General members who aren't peace officers use the Rule of 85, or age 65 with 5 years.
Is the COLA 2%?
Not anymore. Senate Bill 72 (2020) replaced it, effective July 1, 2023, with a profit-share formula that has a 0.5% floor. Most retirees got 0.5% on July 1, 2026.
Why does my result say not eligible?
PERA has no reduced early retirement for this plan. Until you meet the age and service rules, there's no pension. The calculator shows the age you would qualify if you keep working.
Is there a cap?
Yes. The pension can't exceed 100% of your final average salary.