Board Membership
The mission of the Board of the Public Employees Retirement Association of NM is to preserve, protect, and administer the trust to meet its current and future obligations and provide quality services to Association members.
Diana Rosales-Ortiz
Chair, State Member, Attorney General's Office
Paula Fisher
Vice-Chair, State Member, Children, Youth & Families Department
Children, Youth and Families, Juvenile Justice Services
4000 Edith Blvd. NE
Albuquerque, NM 87107
Phone: (505) 841-2400
Paula began her career with CYFD Juvenile Justice Services in 1994. She has been a public servant in various positions, and is currently a Juvenile Correctional Officer Lead worker. Paula strives to make a positive impact with the “at risk” youth she works with in an Albuquerque juvenile facility. She attended Central New Mexico Community College majoring in Criminal Justice, and received a diploma in Accounting from the International Business College.
She first served on the PERA Board from January 2013 – December 2016. During her tenure, her highlights were the passage of Senate Bill 27 in the House and Senate, which she lobbied in the legislature; the demand and recovery of $50 million of member’s money from the Wachovia Bank settlement, and holding money managers accountable. Paula has been an advocate for Board Governance and Pension Solvency. She has Certificates of Achievement in Public Plan Policy, and International Foundation of Benefit Plan.
Paula was elected to the PERA Board in September 2019, and is currently serving her second term. She is committed to protecting our defined benefit plan, and has been a dedicated Trustee. She will always protect the PERA fund with utmost integrity and experience you deserve!
Tony Garcia
State Member, Law Offices of the Public Defender
NM Law Offices of the Public Defender
Sunwest Centre Office Complex
500 N. Main, Suite 105
Roswell, NM 88201
Laura M. Montoya
Ex-Officio Member, NM State Treasurer
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New Mexico State Treasurer’s Office
2055 South Pacheco Street, Suites 100 and 200
Santa Fe, NM 87505
Phone: (505) 955-1135
Loretta Naranjo-Lopez
Retiree Member
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1127 Walter, NE
Albuquerque, NM 87102
Cell: (505) 270-7716
Loretta Naranjo-Lopez is a Native New Mexican. She represents about 48,000 retirees and all 90,000 members.
Member Lopez has served on the NMPERA Board since 2005. Her contributions to the board over the last 16 years have saved NMPERA and taxpayers billions of dollars.
Currently, Member Lopez focuses on closing NMPERA's $6 billion funding gap by improving investment results. She brings investment knowledge and experience. She also brings access to world-class investors and advisors.
Member Lopez formed ARCH + PLAN Land Use Consultants, LLC and brings 25 years of relevant experience. She has a Master of Community and Regional Planning and a Bachelor of Business Administration from the University of New Mexico.
Francis Page
Retiree Member
Francis Page was born and raised in Albuquerque, New Mexico, but his family originated from the Santa Rosa area. He is married to Josephine and has one daughter, Jaclyn. A graduate of The University of New Mexico with a bachelor’s degree in Financial Management and earned a master’s degree from the New Mexico Highland University in Public Affairs/Administration. He also holds a certification as a Certified Fraud Examiner – CFE (Retired) and a license as an Associate Real Estate Broker. Francis spend 8½ years with the United States Army/Army Reserve as an E-4 Specialist in the positions of Accounting, Finance, Administration and Nuclear, Biological & Chemical Specialist.
Francis retired from the State of New Mexico. He held positions with the Corrections Department as the Budget Bureau Chief, Gaming Control Board (Senior Auditor), Regulation and Licensing Department - Financial Institutions Division (Senior Examiner) and Highway & Transportation Department (Senior Technician). In addition, he was a Finance/Budget Contractor for the Office of Superintendent of Insurance. During his tenure with the Corrections Department, he held the NMPERA - State Board Position. Currently, he is a Volunteer Tax Preparer for the AARP Foundation and is a New Mexico Board Member with the Selective Service System.
Francis’ interests are politics and ancestry research. He has found that he is the 5th great grandson of Governors Thomas Nelson Jr. and John Page of Virginia. Both men are considered founding fathers and Nelson was a signer of the Declaration of Independence. Also, he is a direct descendant of King Louis the XVI of France.
Shirley M. Ragin
County Member, Bernalillo County
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County Of Bernalillo
Deputy County Manager of Finance Division
Albuquerque, NM 87102
Phone: 505-249-6469
Shirley, a Certified Management Accountant, started at Bernalillo County in 2012 as the Budget and Business Improvement Department Director, and was appointed to her current position as Deputy County Manager for Finance in 2014. She serves on the County’s Investment Committee and represents the County on NMC’s Multiline Insurance Pool Board.
She retired from PNM after thirty-two years of service in various leadership positions in accounting, budget and internal audit. She has a BS in Business Administration in Accounting from the University of Albuquerque and Master’s in Public Administration with a certificate in Budgeting and Financial Management from UNM.
She understands the importance of solvency for the PERA trust and its impact on the futures of its members. She plans to use her expertise to bring forth ideas based on facts and competing priorities, and to collaborate on making the best decisions for the plan and the members it serves.
Roberto Ramirez
Municipal Member, Albuquerque Bernalillo County Water Authority
Maggie Toulouse Oliver
Ex-Officio Member, NM Secretary of State
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Secretary of State
325 Don Gaspar, Suite 300
Santa Fe, NM 87501
Phone: (505) 827-3600
Secretary of State Maggie Toulouse Oliver has spent her career as a public official working for greater transparency and ethics in government, fair and efficient elections, and increased voter access.
First elected in 2016, Secretary of State Toulouse Oliver is focused on providing increased transparency in financial disclosure and campaign finance reporting, modernizing the online campaign finance system, encouraging New Mexicans to get registered and vote, and advocating for good government and stronger ethics legislation.
A lifelong New Mexico resident, Secretary of State Toulouse Oliver previously served as Bernalillo County Clerk from 2007 to 2016. She attended Albuquerque Public Schools and earned both her BA and MA in Political Science from the University of New Mexico. Currently living in Santa Fe, the Secretary of State is the proud mother of two sons.