News & Announcements
Letter from NM State Auditor, Brian Colón to PERA Board of Trustees
May 7, 2019
The Office of the State Auditor received complaints containing allegations of fraud and misconduct, including with regard to pay increases of PERA executive staff and its Executive Director, in December 2018.
In a letter from NM State Auditor, Brian Colón to the PERA Board of Trustees regarding PERA raises, FY20 Operating Budget and Fiduciary Duties, the State Auditor states "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."
Also received with the letter was a Memo from Government Accountability Office to State Auditor regarding PERA Raises