Putting New Mexico’s Government Pension Problem into Context

New Mexico’s maximum estimated pension liabilities are 59.8 percent of GDP. That may not mean much, but how about the fact that they are third greatest in the nation? How about the fact that only Wisconsin and Ohio have greater pension burdens as a percentage of GDP?

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2 Replies to “Putting New Mexico’s Government Pension Problem into Context”

  1. And has been previously reported by the Rio Grande Foundation, the joint study done by the accounting professors at Northwestern and the U of Chicago note that ERB and PERA are only about 60% funded and are predicted to run out of money in 2023 ASSUMING an 8% investment return. If the investment returns are below 8% (as has been the case for the last decade), the funds will go belly up much sooner absent significant structural changes.

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