News & Announcements

Letter from NM State Auditor, Brian Colón to PERA Board of Trustees

The Office of the State Auditor (OSA) received complaints containing allegations of fraud and misconduct, including with regard to pay increases of PERA executive staff and its Executive Director. Based on the information received and evaluated at this time related to allegations of improper pay raises, the OSA did not review supporting information that would have substantiated the allegations. However, what was identified is actual conflict between the applicable statutes, administrative code rules, and policies and procedures of the PERA Board of Trustees (“Board”). The Board should take immediate steps to resolve the conflict between applicable law, administrative rules, and Board policies and procedures to prevent these issues from recurring.

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Governor Releases Executive Order Regarding PERA Solvency Task Force

On February 18, 2019, Governor Michelle Lujan Grisham signed an Executive Order calling for a nineteen member Solvency Task Force to provide recommendations to address PERA’s $6.0 billion unfunded liability.

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PERA Board of Trustees Welcome New Leadership

The PERA Board of Trustees held elections for its 2019 leadership positions during a February 12 Special Board Meeting. Dr. Jaquelin Kohlasch, a State Member, was elected Board Chair and Mr. John Melia, a Municipal Member, will serve as Vice-Chair. Both have served on the PERA Board for a combined 10 years.

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NMPERA has received two nominations for the Institutional Investors’ 2018 Allocators’ Choice Awards

NMPERA has received two nominations for the Institutional Investors’ 2018 Allocators’ Choice Awards: 1. Nominated for Investment Committee/Board of the Year: NMPERA Board of Trustees (James Maxon, Chair) 2. Nominated for Turnaround of the Year: NMPERA (Dominic Garcia, CIO) Both nominations are very impressive and NMPERA is one of only four plans that received two nominations.

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PERA has received an Award for Outstanding Achievement in Popular Annual Financial Reporting

PERA is pleased to announce that is has been given an “Award for Outstanding Achievement in Popular Annual Financial Reporting” by the Government Finance Officers Association (GFOA) of the United States and Canada.

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Dominic Garcia, PERA Chief Investment Officer - PERA Prudently Manages Fund

A guest editorial from CWA-New Mexico in the November 29, 2017 Albuquerque Journal made suggestions on how the Public Employees Retirement Association (PERA) can improve management of our Trust Fund. On behalf of the PERA Board and staff, who administers the $15.5 billion Fund for our 90,000 members, we would like to offer a balanced response. We welcome CWA’s interest in PERA. PERA, and the $1.1 billion in annual benefits we pay to our members, is an economic engine that impacts every corner of our state.

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