PERA of New Mexico administers pension and other benefits for substantially all public employees in the state except teachers, who belong to the Educational Retirement Board. PERA administers four plans: the Public Employees Retirement Fund, whose active members comprise approximately 90% of all active members; and plans for judges, magistrates, and volunteer firefighters.
New Mexico Public Employees Retirement Association Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| New Mexico PERA |
16,354.6 |
97,989 |
| Other Plans |
223.0 |
27,860 |
| Total |
16,577.6 |
125,849 |
Source: Public Plans Database (as of 2022)
Note: New Mexico Public Employees Retirement Association has 3 other plans.
Assets
Assets at Year-End
New Mexico Public Employees Retirement Association
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
8.1 |
| 2002 |
7.9 |
| 2003 |
8.2 |
| 2004 |
9.4 |
| 2005 |
10.3 |
| 2006 |
11.4 |
| 2007 |
13.3 |
| 2008 |
12.1 |
| 2009 |
8.9 |
| 2010 |
10.2 |
| 2011 |
12.2 |
| 2012 |
11.8 |
| 2013 |
12.9 |
| 2014 |
14.6 |
| 2015 |
14.4 |
| 2016 |
14.0 |
| 2017 |
15.0 |
| 2018 |
15.4 |
| 2019 |
15.6 |
| 2020 |
14.9 |
| 2021 |
18.0 |
| 2022 |
16.6 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
New Mexico Public Employees Retirement Association |
US State and Local Pensions |
| 2001 |
2.6 |
2.4 |
| 2002 |
2.6 |
2.3 |
| 2003 |
2.5 |
2.2 |
| 2004 |
2.2 |
2.1 |
| 2005 |
2.5 |
2.1 |
| 2006 |
2.5 |
2.0 |
| 2007 |
2.4 |
2.0 |
| 2008 |
2.2 |
1.9 |
| 2009 |
2.2 |
1.9 |
| 2010 |
2.0 |
1.8 |
| 2011 |
1.8 |
1.7 |
| 2012 |
1.7 |
1.6 |
| 2013 |
1.7 |
1.5 |
| 2014 |
1.6 |
1.4 |
| 2015 |
1.6 |
1.4 |
| 2016 |
1.6 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.3 |
1.3 |
| 2021 |
1.3 |
1.2 |
| 2022 |
1.2 |
1.2 |
2022 Membership for New Mexico Public Employees Retirement Association
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 55,815 |
44,850 |
25,184 |
125,849 |
729 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New Mexico Public Employees Retirement Association
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
11.9 |
8,112.9 |
| 2002 |
0.0 |
7,935.5 |
| 2003 |
-19.6 |
8,198.3 |
| 2004 |
-46.8 |
9,416.8 |
| 2005 |
-71.1 |
10,258.7 |
| 2006 |
-82.7 |
11,369.2 |
| 2007 |
-100.4 |
13,290.5 |
| 2008 |
-107.2 |
12,100.0 |
| 2009 |
-122.5 |
8,917.1 |
| 2010 |
-178.6 |
10,150.7 |
| 2011 |
-258.3 |
12,154.1 |
| 2012 |
-308.0 |
11,753.6 |
| 2013 |
-381.4 |
12,875.1 |
| 2014 |
-422.1 |
14,616.8 |
| 2015 |
-453.2 |
14,439.8 |
| 2016 |
-497.2 |
14,003.7 |
| 2017 |
-542.9 |
14,987.2 |
| 2018 |
-602.2 |
15,403.2 |
| 2019 |
-647.9 |
15,631.1 |
| 2020 |
-658.5 |
14,874.8 |
| 2021 |
-687.8 |
18,035.1 |
| 2022 |
-705.9 |
16,577.6 |
2022 Cash Flows for New Mexico Public Employees Retirement Association (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 755.9 |
1,461.8 |
-751.6 |
-1,457.4 |
Cash Flow as a Percentage of Assets
New Mexico Public Employees Retirement Association
2001-2022
| Fiscal Year |
New Mexico Public Employees Retirement Association |
National Average |
| 2001 |
0.1 |
-2.1 |
| 2002 |
0.0 |
-2.4 |
| 2003 |
-0.2 |
-2.6 |
| 2004 |
-0.5 |
-2.0 |
| 2005 |
-0.7 |
-2.2 |
| 2006 |
-0.7 |
-2.2 |
| 2007 |
-0.8 |
-2.1 |
| 2008 |
-0.9 |
-2.3 |
| 2009 |
-1.4 |
-3.1 |
| 2010 |
-1.8 |
-3.2 |
| 2011 |
-2.1 |
-3.1 |
| 2012 |
-2.6 |
-3.3 |
| 2013 |
-3.0 |
-3.1 |
| 2014 |
-2.9 |
-2.9 |
| 2015 |
-3.1 |
-2.8 |
| 2016 |
-3.6 |
-3.0 |
| 2017 |
-3.6 |
-2.9 |
| 2018 |
-3.9 |
-2.6 |
| 2019 |
-4.1 |
-2.6 |
| 2020 |
-4.4 |
-2.4 |
| 2021 |
-3.8 |
-2.1 |
| 2022 |
-4.3 |
-2.1 |
