News & Announcements


PERA and Public Health

On March 11, 2020, Governor Lujan Grisham declared a public health emergency for New Mexico. PERA is actively preparing to continue normal business practices. We are dedicated to our members and their health. We are encouraging limiting face to face contact and therefore ask members to communicate with PERA via email and phone whenever possible. PERA will also set up secure drop off boxes in our Albuquerque and Santa Fe offices for members who would like to limit their in-person interactions. PERA is following a Business Continuity Plan and we are prepared to continue regular monthly benefit payments to our retired members. Effective immediately, all PERA Outreach Seminars will be canceled at this time and rescheduled tentatively for May 2020. We apologize for any inconvenience this may cause but we are dedicated to keeping our members healthy and safe.

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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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