Events and News Stories Archives

 

 

Notice Of Right To Inspect Public Records << click link

RFP for Investment Consultant Services - Posted 03/03/2015

ERB Investment Committee Jan. 22 Meeting Agenda

Public Meeting Notice - Posted 01/05/2015

Various Rate Increases for Retirees - Posted 12/29/2014

RFP for Internal Audit Services - Posted 12/05/2014

RFP for Internal Audit Services - Posted 12/05/2014

ERB Audit Committee Dec. 12 Meeting Agenda

ERB Board Dec. 12 Meeting Agenda

ERB Investment Committee Dec. 11 Meeting Agenda

Public Meeting Notice - Posted 12/01/2014

ERB Investment Committee Meeting Agenda - 11/05/2014

ERB Board Meeting Agenda - 10/27/2014

ERB Investment Committee Meeting Agenda - 10/21/2014

Public Meeting Notice  - 10/21/2014

Malott Settlement Information - 10/03/2014

RFP Private Equity Investment Consultant Services - 09/30/2014

              - Private Equity RFP data spreadsheet

              - Questions/Answers to Private Equity RFP 2014-09-01

ERB Investment Committee Meeting Agenda - 09/18/2014

ERB Board Retreat Agenda - 09/17/2014

Public Meeting Notice - 09/04/2014

Board Officer Election and Investment Results - 08/20/2014

RFP Investment Manager for Active Emerging Markets Equity - 07/30/2014

NMRHCA Board of Directors Actions for Plan Year 2015 - 07/15/2014

ERB Board Meeting Agenda - 08/15/2014

ERB Investment Committee Meeting Agenda - 08/14/2014

Public Meeting Notice  - 07/31/2014

RFP Investment Manager for Active Emerging Markets Equity - 07/30/2014

Investment Committee Meeting Agenda - 07/15/2014

ERB Board Meeting Agenda - 06/13/2014

Investment Committee Meeting Agenda - 06/12/2014

Public Meeting Notice - 05/28/2014

Public Meeting Notice - 05/14/2014

Investment Committee Meeting Agenda - 04/03/2014

Public Meeting Notice - 03/28/2014

RFP Investment Legal Consultant 14-06 - 03/24/2014

RFP Tax and Fiduciary Counsel #14-05 - 03/21/2014

ERB Fund Continues Positive Investment Results - 03/12/2014

RFP for Actuarial Services - 02/28/2014

RFP #2014-05 Audit Services - 01/24/2014

        ERB RFP #2014-05 Questions and Responses

Supreme Court Decision on COLA Reduction - 12/18/2013

2014 NM Retiree Health Care Authority Plans and Rates - 12/12/2013

RFP Actuarial Audit Services - 11/08/2013

         Actuarial Audit Services Questions & Answers - 12/11/2013

            Buck Final Report 02-2011

Investment Committee Meeting Agenda  - 03/13/2014

Public Meeting Notice - 03/10/2014

ERB Board Meeting Agenda - 02/14/2014

Investment Committee Meeting Agenda - 02/13/2014

Public Meeting Notice  - 02/03/2014

Public Meeting Notice - 01/16/2014

ERB Board Meeting Agenda - 12/13/2013

        ERB Board Governance Training Agenda - 12/13/2013

ERB Investment Committee Meeting Agenda - 12/12/2013

Public Meeting Notice - 11/25/2013

ERB Investment Committee Meeting Agenda - 11/21/2013

ERB Board Meeting Agenda - 11/01/2013 

Audit Committee Meeting Agenda - 11/01/2013

Investment Committee Meeting Agenda - 10/31/2013

Public Meeting Notices - 10/01/2013

RFP Custody Bank Services - 09/30/2013 - MS Word

          - NMERB RFP Financial Proposal - xls

          - NMERB RFP Sample Contract for Custody Bank Services - MS Word

          - RFP Custody Bank Services Q and A

RFP Professional Legal Services For Securities Litigation - 09/18/2013

              - Addendum to RFP Professional Legal Services for Securities Litigation

              - Responses to Potential RFP 14-03 Offerors

Public Meeting Notice - 09/12/2013

ERB Investment Gains for Fiscal Year: $1 Billion - 09/04/2013

Board Meeting Agenda - 08/23/2013

Investment Committee Meeting Agenda - 08/22/2013

Public Meeting Notice - 08/02/2013

ERB Investment Committee Meeting Agenda - 07/25/2013

IPOC Presentation - 07/10/2013

Public Meeting Notice - 07/02/2013

ERB Investment Committee Meeting Agenda - 05/23/2013

Public Meeting Notice - 05/08/2013

Public Comment Notice - 05/07/2013

            Amendment of Rule 2.82.1.13 and Rule 2.82.8.8

ERB Plan Design Change Proposal (updated 03/29/2013)

Governor Martinez has signed SB 115 - link to Governor's Press Release

SB 115, as passed

This ERB bill, as twice amended, takes a balanced approach to long-term sustainability: changes for current retirees; changes for current members; and changes for new members.  These changes will get ERB to 100.7% funded in 2043.

The bill, as amended:

Raises contribution rate for all employees with salary of over $20,000:               

- FY 2014 Employee Contribution Rate - 10.1%               

- FY 2015 Employee Contribution Rate - 10.7%

- Employees with annual salary below $20,000 stay at 7.9%

*The employee contribution increases do not apply to members earning $20,000 or less annually, the increases  only apply to members earning more than $20,000.

- Employer contribution rate will be 13.15% for all members

For new employees hired on or after July 1, 2013:               

- Soft Minimum Retirement Age of 55; actuarial reduction if member retires with 30 years and is younger than age 55.  

- COLA begins at age 67, rather than age 65

For current retirees:

Immediately reduces the COLA for all retirees until the plan is 100% funded.  The COLA reduction is based on the median retirement benefit (approximately $18,000 for Fiscal Year 2012) of all retirees excluding disability retirements.  

Retirees with benefits at or below the median AND with 25 or more years' service, will have a 10% COLA reduction; their average COLA will be 1.8%.  All other retirees will have a 20% COLA reduction; their average COLA will be 1.6%.

Click here for more detailed information on the COLA adjustment.

These reductions will stay in place until ERB is more than 90% funded.  Once the funding is greater than 90%, the COLA reductions will decrease.  The retirees with benefits at or below the median AND with 25 or more years' service, will have a 5% COLA reduction; their average COLA will be 1.9%.  All other retirees will have a 10% COLA reduction; their average COLA will be 1.8%.

Once ERB is 100% funded, the COLA reductions will cease and the average COLA for all ERB retirees will be 2%.  This bill is consistent with ERB’s funding policy to ensure ERB's long-term sustainability.

Click Senate Bill 115 to see the entire bill.

Plan Design Input Archive

 

ERB Board Meeting Agenda - 04/26/2013

ERB Investment Committee Meeting Agenda  - 04/25/2013

Request For Proposal - Passive Non-U.S. Developed Markets Equity Manager - 04/12/2013

Public Comment Notice Thank You - 04/08/2013

April Public Meeting Notice - 04/02/2013

ERB Special Board Meeting - 03/28/2013

Investment Committee Meeting Agenda - 03/28/2013

ERB Receives Award for Investment Excellence - 03/20/2013

March Public Meeting Notice  - 03/05/2013

Public Comment Notice - 02/21/2013

                Proposed Section 2.82.5.16 (Termination of Plan-Benefits Accrued to Date)

                Additional Information on Public Comment Notice - 03/12/2013

ERB Board Agenda - 02/15/2013

Public Meeting Notice - 02/06/2013

ERB Investment Committee Meeting Agenda - 02/05/2013

ERB Fund Reaches All-Time High in Assets - 01/30/2013

ERB Investment Committee Meeting Agenda - 01/25/2013

ERB Statement Regarding Firearms Investments - 01/11/2013

2013 ERB Disability Calendar - Meeting Dates & Application Deadlines  - 01/09/2013

Public Meeting Notice - 01/02/2013

 

 

 

 

Older News Stories

2013 ERB Meeting Calendar - 12/20/2012

ERB Investment Committee Meeting Agenda - 12/13/2012

ERB Audit Committee Meeting Agenda - 12/07/2013

ERB Board Meeting Agenda - 12/07/2012

Public Comment Notice - 11/01/2012

               Amendment of Rule 2.82.1.14 and Rule 2.82.8.8 NMAC - 11/01/2012

Investment Committee Meeting Agenda - 11/15/2012

November 2012 Public Meetings Notice - 11/06/2012

ERB Board Meeting Agenda - 10/19/2012

Investment Committee Meeting Agenda - 10/18/2012

October 2012 Public Meetings Notice - 10/11/2012

ERB Board Retreat Agenda - 09/19-20/2012

                Special Board Meeting Agenda - 09/19/2012

                Special Board Meeting Agenda - 09/20/2012

Investment Committee Meeting Agenda - 09/18/2012

ERB Board Meeting Agenda - 08/17/2012

ERB Investment Committee Meeting Agenda - 08/16/2012

ERB Presentation to Investment Pensions and Oversight Committee - 08/03/2012

Individuals Claiming To Represent NMERB - 05/03/2012

ERB Special Board Meeting Agenda - 07/19/2012

Executive Director's Statement on ERB Rule 1 (2.82.1) - 06/22/2012

Rule 2.82.1 Redline For Comment - 06/22/2012

ERB Board Meeting Agenda - 06/15/2012

ERB Investment Committee Meeting Agenda - 06/14/2012

ERB June Public Meetings Notice - 05/25/2012

ERB Investment Committee Meeting Agenda - 05/24/2012

Summary of Changes for ERB Rule 2 and Rule 3 - 05/08/2012

Proposed Changes to ERB  Rule 2 and Rule 3

    Executive Director's Memo

    Proposed Amendment to Rule 2 (Membership) REDLINE version

    Proposed Amendment to Rule 2 (Membership) CLEAN version

    Proposed Amendment to Rule 3 (Membership and Administrative Unit Contributions) REDLINE version

    Proposed Amendment to Rule 3 (Membership and Administrative Unit Contributions) CLEAN version

ERB Board Meeting Agenda - 04/20/2012

ERB Investment Committee Meeting Agenda - 04/19/2012

ERB April Public Meeting Notices - 04/02/2012

ERB Board Spring Retreat Agenda - 03/23/2012

ERB Public Meetings Notice - 03/5/2012

ERB Investment Committee Meeting Agenda - 02/23/12

Public Comment Period for Rule 2 and Rule 3 - 02/13/12

ERB Public Meeting Notice - 02/01/12

ERB Board Chair Mary Lou Cameron's Letter to the Editors of NM Newspapers - 1/23/2012

ERB Campaign Contribution Disclosure Form - 1/18/2012

Investment Committee Agenda - 01/17/2012

ERB Adopts Proposal to Change Retirement Benefits - 11/21/2011

ERB Letter to the Mr. Walz, Editor of The Albuquerque Journal - 11/14/2011

ERB Plan Design Change Proposal Archive

N.M.'s Investment Funds Wisely Diversified - 09/07/2011

ERB Investment Portfolio Exhibits Strong Growth - 08/15/2011

Individuals Claiming to Represent NM Educational Retirement Board - 08/10/2011

A Word About the Markets from ERB's Chief Investment Officer Bob Jacksha - 08/09/2011

ERB Issues Statement on Investment Fees - 07/22/2011

ERB Letter to the Editor in Response to July 10, 2011 Editorial - 07/20/2011

ERB Letter to the Editor in Response to December 26, 2010 Editorial - 07/18/2011

ERB Letter to the Editor - 06/21/2011

Notice of Right to Inspect Public Records - 06/17/2011

New Mexico ERB Investment Performance Shows Continued Strength - 05/18/2011

New Mexico ERB Addresses Software Error - 04/28/2011

New Mexico ERB Investment Performance at the Top of the Charts - 09/30/2010

New Mexico ERB Announces Election of New Board Officers - 09/16/2010

New Mexico ERB Announces Board Membership Changes - 09/2010

New Mexico ERB Announces Investment Returns of 18.2% for the Year - 09/14/2010

ERB Returns 40.4% for 12 Month Period - 03/31/2010

HB 239 Passed and Signed by Governor Richardson, No COLA Decrease - 01/2010

Social Security Numbers and 1099 Forms - 01/28/10

Rule Change: Allowed Service Credit Rule - 12/11/2009

Facts Behind Recent Coverage of Lawsuits - 06/29/2009

ARP Optional Switch To Defined Benefit Forms Available

Changes to Income Tax Withholding

Investment Update

ERB Response to Lawsuit - 01/14/2009

ERB Exposure to Madoff Hedge Fund