Retirement

Educational Retirement is provided through the New Mexico Educational Retirement Board.  During the 2023-24 year, full time, contracted staff contributes 10.7% and Dexter Schools contributes 18.15% of gross salary towards retirement.  Rates may change annually.  More information may be found here.

By contributing to the New Mexico Retiree Health Care authority, retirees of Dexter Schools are able to obtain comprehensive health care benefits with leading health care providers at lower than average rates.  Full time, contracted staff contributes 1% and the District contributes 2% of gross salary to the NMRHCA.  More information can be found here

Burba Insurance Services (BIS) offers supplemental, employee pay retirement plans. More information may be found here.

For Employees Planning to Retire This Year:

  • Based on New Mexico Educational Retirement Board guidelines, employees who are working through the end of their current contract are considered July 1 retirees. Anyone planning to work a Summer School assignment will be an August 1 retiree.  

  • Please submit your retirement application and packet to the APS Employee Benefits Office 60-90 days prior to your retirement date. 

  • Packets will not be accepted more than 90 days before your selected retirement date, with only one exception: July 1 and August 1 retirement packets will be accepted as early as March 1, but will not be processed until April 1 (at the 90-day mark).

Another good idea if planning on retirement soon is to go to www.nmerb.gov and create an account to view all your information reported.