Each year, PERA releases its Annual Comprehensive Financial Report (ACFR) to provide audited financials for our retirement plans. In addition, actuarial valuations are completed annually to provideinformation on the funded status of PERA’s funds. These reports allow our stakeholders to evaluate PERA’s financial condition and provide information on long-term liabilities. This Snapshot provides a combined overview from these reports on investments, funding, membership, and economic impact to our members and New Mexico.
Dear PERA Members, Since its inception in 1947, the Public Employees Retirement Association (PERA) has been a basis of reliable retirement security for New Mexico’s public employees. Over the years, PERA has made significant strides, evolving from its original structure into a robust and comprehensive retirement system. Today, PERA operates as a 401(a) qualified governmental plan, governed by the New Mexico Public Employees Retirement Act. It offers 31 distinct coverage plans, two membership tiers, and serves 335 participating public employers. The system covers a wide range of public employees, including state, municipal, and county workers, as well as police officers, firefighters, judges, magistrates, legislators, and volunteer firefighters. With approximately 52,581 active members and 46,942 retirees and beneficiaries, PERA remains a significant economic force in the state. In FY 2025, approximately 90% of the $1.52 billion in retirement benefits paid out went to retirees living in New Mexico. The average annual pension for PERA fund retirees in 2025 was $33,173, demonstrating the program’s continued commitment to supporting its members and their families. PERA continues to preserve, protect and administer the PERA Trust Fund to meet its current and future obligation, while offering one of the best retirement benefits in the country. Thank you to all of our members and public employers as we look forward to continuing to serve you. Executive Director..
This snapshot is derived from information contained in the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2025, but does not contain detailed financial information by plan, nor is it presented in a manner to conform to Generally Accepted Accounting Principles (GAAP).