ERB of New Mexico administers pension and other benefits for certificated employees of public school districts, state colleges and universities, and educational state agencies.
New Mexico Educational Retirement Board Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| New Mexico Educational |
16,261.8 |
129,946 |
| Other Plans |
0.0 |
0 |
| Total |
16,261.8 |
129,946 |
Source: Public Plans Database (as of 2023)
Note: New Mexico Educational Retirement Board has 0 other plans.
Assets
Assets at Year-End
New Mexico Educational Retirement Board
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
6.7 |
| 2002 |
6.0 |
| 2003 |
6.1 |
| 2004 |
6.9 |
| 2005 |
7.5 |
| 2006 |
8.2 |
| 2007 |
9.5 |
| 2008 |
8.8 |
| 2009 |
7.1 |
| 2010 |
8.2 |
| 2011 |
9.6 |
| 2012 |
9.5 |
| 2013 |
10.2 |
| 2014 |
11.3 |
| 2015 |
11.5 |
| 2016 |
11.5 |
| 2017 |
12.5 |
| 2018 |
13.0 |
| 2019 |
13.5 |
| 2020 |
13.0 |
| 2021 |
16.4 |
| 2022 |
15.6 |
| 2023 |
16.3 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
New Mexico Educational Retirement Board |
US State and Local Pensions |
| 2001 |
2.7 |
2.4 |
| 2002 |
2.7 |
2.3 |
| 2003 |
2.6 |
2.2 |
| 2004 |
2.5 |
2.1 |
| 2005 |
2.4 |
2.1 |
| 2006 |
2.2 |
2.0 |
| 2007 |
2.1 |
2.0 |
| 2008 |
2.0 |
1.9 |
| 2009 |
2.0 |
1.9 |
| 2010 |
1.9 |
1.8 |
| 2011 |
1.7 |
1.7 |
| 2012 |
1.6 |
1.6 |
| 2013 |
1.5 |
1.5 |
| 2014 |
1.4 |
1.4 |
| 2015 |
1.4 |
1.4 |
| 2016 |
1.3 |
1.4 |
| 2017 |
1.3 |
1.4 |
| 2018 |
1.2 |
1.3 |
| 2019 |
1.2 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.1 |
1.2 |
| 2022 |
1.1 |
1.2 |
| 2023 |
1.1 |
1.2 |
2023 Membership for New Mexico Educational Retirement Board
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 61,503 |
54,774 |
13,669 |
129,946 |
230 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
New Mexico Educational Retirement Board
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-69.2 |
6,667.0 |
| 2002 |
-74.4 |
6,013.4 |
| 2003 |
-95.3 |
6,083.4 |
| 2004 |
-99.9 |
6,911.5 |
| 2005 |
-120.5 |
7,451.1 |
| 2006 |
-122.9 |
8,219.3 |
| 2007 |
-128.0 |
9,455.8 |
| 2008 |
-121.6 |
8,770.0 |
| 2009 |
-120.4 |
7,113.7 |
| 2010 |
-132.6 |
8,232.5 |
| 2011 |
-192.5 |
9,588.6 |
| 2012 |
-263.4 |
9,489.0 |
| 2013 |
-315.9 |
10,191.7 |
| 2014 |
-292.7 |
11,346.1 |
| 2015 |
-279.8 |
11,497.7 |
| 2016 |
-331.6 |
11,532.8 |
| 2017 |
-373.9 |
12,509.4 |
| 2018 |
-441.3 |
12,970.3 |
| 2019 |
-464.0 |
13,544.7 |
| 2020 |
-449.9 |
13,019.2 |
| 2021 |
-492.2 |
16,361.5 |
| 2022 |
-474.6 |
15,550.7 |
| 2023 |
-325.7 |
16,261.8 |
2023 Cash Flows for New Mexico Educational Retirement Board (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 1,058.6 |
1,384.2 |
1,036.8 |
711.1 |
Cash Flow as a Percentage of Assets
New Mexico Educational Retirement Board
2001-2023
| Fiscal Year |
New Mexico Educational Retirement Board |
National Average |
| 2001 |
-1.0 |
-2.1 |
| 2002 |
-1.2 |
-2.0 |
| 2003 |
-1.6 |
-2.5 |
| 2004 |
-1.4 |
-2.0 |
| 2005 |
-1.6 |
-2.2 |
| 2006 |
-1.5 |
-2.2 |
| 2007 |
-1.4 |
-2.1 |
| 2008 |
-1.4 |
-2.3 |
| 2009 |
-1.7 |
-3.1 |
| 2010 |
-1.6 |
-3.2 |
| 2011 |
-2.0 |
-3.1 |
| 2012 |
-2.8 |
-3.3 |
| 2013 |
-3.1 |
-3.1 |
| 2014 |
-2.6 |
-2.9 |
| 2015 |
-2.4 |
-2.8 |
| 2016 |
-2.9 |
-3.0 |
| 2017 |
-3.0 |
-2.9 |
| 2018 |
-3.4 |
-2.6 |
| 2019 |
-3.4 |
-2.6 |
| 2020 |
-3.5 |
-2.4 |
| 2021 |
-3.0 |
-2.1 |
| 2022 |
-3.1 |
-2.1 |
| 2023 |
-2.0 |
-2.1 |
