New Mexico Public Employees Retirement Association (PERA) vs New Mexico Educational Retirement Board (ERB)
Side-by-side pension health comparison from DOL and public plan data
New Mexico Public Employees Retirement Association (PERA) (B) and New Mexico Educational Retirement Board (ERB) (C) are close on the LakeQuality rubric. Funding ratios sit at 68% and 64% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
New Mexico Public Employees Retirement Association (PERA) has a stronger Pension Health Score of 66/100 (B) compared to New Mexico Educational Retirement Board (ERB) at 58/100 (C). Funding ratios differ by 3.8 percentage points (67.9% vs 64.1%). New Mexico Public Employees Retirement Association (PERA) covers 108,000 participants.
| Metric | New Mexico Public Employees Retirement Association (PERA) | New Mexico Educational Retirement Board (ERB) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B)* | 58/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.9%* | 64.1% |
| Total Assets | $16.2B | $14.5B |
| Total Liabilities | $23.9B | $22.6B* |
| Unfunded Liability | $7.7B* | $8.1B |
| Participants | 108,000 | 92,000 |
| 1-Year Investment Return | 5.5%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of New Mexico | State of New Mexico |
New Mexico Public Employees Retirement Association (PERA) has a stronger Pension Health Score of 66/100 (B) compared to New Mexico Educational Retirement Board (ERB) at 58/100 (C). Funding ratios differ by 3.8 percentage points (67.9% vs 64.1%). New Mexico Public Employees Retirement Association (PERA) covers 108,000 participants.