NEW MEXICO GETS ANOTHER LOW RANKING … THIS TIME FOR ITS PENSION FUNDS. A RECENT PEW CHARITABLE TRUSTS REPORT SAYS THE STATE IS THE 7TH WORST IN THE NATION FOR PENSION FUNDS. IT SAYS NEW MEXICO’S RATE OF INCOMING CONTRIBUTIONS TO A PUBLIC RETIREMENT SYSTEM IS NOT ENOUGH TO REDUCE FUTURE DEBT.
DIRECTORS OF THE STATE TWO BIGGEST PENSION FUNDS SAY THE FUNDS ARE ON SOLID FOOTING. BUT SOME LAWMAKERS ARE WORRIED ABOUT THE FUNDS SINCE THE TWO MAJOR RETIREMENT SYSTEMS HAVE MISSED THEIR INVESTMENT RETURN TARGETS.
