How many public pension plans does New Mexico have?

New Mexico has 2 public pension plans tracked by the Public Plans Database (PPD), covering 258,052 total members. These plans include state-level and local government retirement systems for teachers, police, firefighters, and general employees.

Is New Mexico's pension system in crisis?

New Mexico's public pension plans have an average funded ratio of 73.6% and a total unfunded liability of $11.85B. An average funded ratio in the 60-80% range indicates moderate underfunding that requires attention but is not yet at crisis levels. Data is sourced from the Boston College Center for Retirement Research.

What is the average funded ratio in New Mexico?

The average funded ratio across all 2 public pension plans in New Mexico is 73.6% (#29 of 51 among states), based on the most recent Public Plans Database data. A funded ratio of 100% means a plan has sufficient assets to meet all projected obligations. The national average for public pensions is approximately 75.5%. Individual plan ratios in New Mexico vary; browse the table above to compare specific plans.

Public Plans Database

New Mexico Public Pension Plans

Name: New Mexico Public Pension Plans
Creator: Boston College Center for Retirement Research
License: https://www.usa.gov/government-copyright

2 plans tracked by the Public Plans Database

State funding profile. New Mexico: 73.6% average funded (#29 of 51) across 2 plans; 258,052 members; unfunded $11.85B.

Avg funded ratio: 73.6%
Total unfunded: $11.85B
Total members: 258,052
Plans tracked: 2

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, New Mexico’s 2 tracked plans carry a combined unfunded liability of $11.85B at an average funded ratio of 73.6%. Plan cards report FY2023 valuations; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

PPD actuarial excerpt

State roster NM New Mexico

New Mexico: avg 73.6% funded (1.9 points below the national average) · 0 D/F grades · unfunded $11.85B

AVG 73.6%
UNF $11.85B
MEM 258,052
N 2
DF 0
VS -1.9pt
BEST 74.8%
LOW 72.5%

Funded-ratio peers

Nearest funded-ratio peer: Texas (73.1%)

Average funded ratio neighbourhood vs New Mexico (FY2023 plan cards)

0 of 2 published-ratio plans sit under 60% actuarial assets; 0 of 2 carry a D or F health grade. How funded ratios are calculated →

How New Mexico’s plans grade

Health grades and the state average funded ratio use the same FY2023 plan-card snapshot as the hero KPIs and the table below, not a second query.

Health-grade counts from the same state plan rows as the roster table

Source: Public Plans Database (Boston College CRR / NASRA) As of FY2023 plan cards; history through FY2024

Average actuarial funded ratio across 2 New Mexico plans (FY2023 plan cards)

Plan types in New Mexico

Aggregates from the same FY2023 plan-card rows as the roster below. Averages include only plans that report a funded ratio.

Type	Plans	Avg funded	Members	Assets	Unfunded
General State	1	74.8%	128,106	$16.83B	$5.68B
Teachers	1	72.5%	129,946	$16.26B	$6.17B

Every tracked plan in New Mexico

FY2023 plan-card snapshot from the Public Plans Database. ARC is the actuarially required contribution as a share of payroll where reported.

Plan	Type	Funded	Grade	Assets	Unfunded	Members	ARC	1yr return
New Mexico Public Employees Retirement Association	General State	74.8%	C	$16.83B	$5.68B	128,106	75.8%	8.5%
New Mexico Educational Retirement Board	Teachers	72.5%	C	$16.26B	$6.17B	129,946	96.0%	8.5%

Read our methodology - how this data is sourced, computed, and verified.

Read with this New Mexico roster

Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension · New Mexico roster FY2023

Compiled by PlainPension, Pension Fund Health Editorial Process · July 23, 2026