News & Announcements
The Regulation and Licensing Department seeks applications for Advisory Boards
Are you interested in public service? The Regulation and Licensing Department seeks applications to fill a public member vacancy on the Private Investigations Advisory Board and on the Advisory Board of Respiratory Care Practitioners.
PERA Executive Director, Wayne Propst to Depart
The Chairman of the New Mexico Public Employees Retirement Association Board of Trustees, John Melia, announced on January 21, 2021 that PERA's long serving Executive Director, Wayne Propst, will be leaving PERA to work for the new Chairman of the New Mexico Senate Finance Committee, Senator George K. Munoz.
COVID-19 Update
PERA recognizes that the COVID-19 global pandemic is creating uncertainty and concern among our members. We want to reassure you that your benefits are safe and that we are conducting normal business practices.
Letter from PERA Board Chair John Melia
Dear PERA Members, I know these are extraordinarily uncertain and stressful times for all of us but I wanted to write to provide you with assurances about PERA and your retirement.
PERA Offices To Close
The Albuquerque and Santa Fe offices of the Public Employees Retirement Association of New Mexico (PERA) will be closing until further notice. It is anticipated that the closures will last until New Mexico public schools resume normal operations. “This is not an easy decision, but we are making it in the best interest of our members and staff.” Board Chair John Melia and Executive Director Wayne Propst said in a joint statement. While the offices will be closed, essential services will continue.
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.
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.
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.
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.
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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