New Mexico Educational Retirement Board
public plan · State of New Mexico · Las Cruces, NM
ACTIVE
C
Pension Health Score
59/100
Funding Status60% Funded
0%80% threshold100%
$13.0B
Total Assets
$21.6B
Total Liabilities
$8.6B
Unfunded Liability
87,738
Participants
Funding History
What This Means for You
New Mexico Educational Retirement Board is 60% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $8.6B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $13.0B | $21.6B | 60.1% | $455.2M |
| 2024 | $12.9B | $21.1B | 61.3% | $401.1M |
| 2023 | $12.3B | $22.6B | 54.5% | $425.7M |
| 2022 | $11.9B | $23.1B | 51.4% | $403.7M |
| 2021 | $10.8B | $19.9B | 54.5% | $442.9M |