US public pension profile· NMERB
Educational Retirement Board of New Mexico
Funding, investment choices and long-term returns.
New Mexico ·Fiscal year 2025
NMERB: fiscal year 2025 at a glance
- Market value of assets
- USD 19.0 billion
- Total membership
- 173,890
- Funded ratio
- 67.81%
- Assumed investment return
- 7.00%
Asset allocation in 2025
Returns to 2025
| One year | 9.98% |
|---|---|
| Five years | 10.40% |
| Ten years | 8.05% |
NMERB: size and funding over time
| Fiscal year | Market value of assets | Membership | Funded ratio | Return assumption |
|---|---|---|---|---|
| 2001 | USD 6.7 billion | 100,547 | 91.90% | 8.00% |
| 2002 | USD 6.0 billion | 104,074 | 86.80% | 8.00% |
| 2003 | USD 6.1 billion | 107,776 | 81.10% | 8.00% |
| 2004 | USD 6.9 billion | 111,475 | 75.40% | 8.00% |
| 2005 | USD 7.5 billion | 114,890 | 70.40% | 8.00% |
| 2006 | USD 8.2 billion | 120,318 | 68.30% | 8.00% |
| 2007 | USD 9.5 billion | 122,598 | 70.50% | 8.00% |
| 2008 | USD 8.8 billion | 124,872 | 71.50% | 8.00% |
| 2009 | USD 7.1 billion | 126,889 | 67.50% | 8.00% |
| 2010 | USD 8.2 billion | 128,878 | 65.70% | 8.00% |
| 2011 | USD 9.6 billion | 130,141 | 63.00% | 7.75% |
| 2012 | USD 9.5 billion | 132,223 | 60.70% | 7.75% |
| 2013 | USD 10.2 billion | 135,584 | 60.07% | 7.75% |
| 2014 | USD 11.3 billion | 140,008 | 63.14% | 7.75% |
| 2015 | USD 11.5 billion | 146,089 | 63.68% | 7.75% |
| 2016 | USD 11.5 billion | 150,082 | 64.23% | 7.75% |
| 2017 | USD 12.5 billion | 153,514 | 62.95% | 7.25% |
| 2018 | USD 13.0 billion | 156,789 | 63.53% | 7.25% |
| 2019 | USD 13.5 billion | 161,533 | 62.87% | 7.25% |
| 2020 | USD 13.0 billion | 163,402 | 60.35% | 7.00% |
| 2021 | USD 16.4 billion | 163,314 | 62.75% | 7.00% |
| 2022 | USD 15.6 billion | 167,132 | 63.47% | 7.00% |
| 2023 | USD 16.3 billion | 171,033 | 62.88% | 7.00% |
| 2024 | USD 17.5 billion | 172,680 | 64.77% | 7.00% |
| 2025 | USD 19.0 billion | 173,890 | 67.81% | 7.00% |
NMERB: asset allocation over time
| Fiscal year | Public equity | Fixed income | Private equity | Real estate | Hedge funds | Cash |
|---|---|---|---|---|---|---|
| 2001 | 66.90% | 31.50% | 0.00% | 0.00% | 0.00% | 1.60% |
| 2002 | 67.00% | 32.00% | 0.00% | 0.00% | 0.00% | 1.00% |
| 2003 | 69.25% | 30.75% | 0.00% | 0.00% | 0.00% | 0.00% |
| 2004 | 66.60% | 27.54% | 0.00% | 4.80% | 0.00% | 1.06% |
| 2005 | 67.19% | 26.34% | 0.00% | 5.96% | 0.00% | 0.51% |
| 2006 | 68.37% | 25.32% | 0.00% | 5.20% | 0.00% | 1.10% |
| 2007 | 61.09% | 26.30% | 0.60% | 3.00% | 8.20% | 0.81% |
| 2008 | 55.00% | 29.00% | 1.00% | 5.00% | 9.00% | 1.00% |
| 2009 | 46.54% | 36.63% | 1.98% | 4.95% | 7.92% | 0.99% |
| 2010 | 44.00% | 35.00% | 3.00% | 5.00% | 11.00% | 1.00% |
| 2011 | 40.16% | 30.47% | 4.20% | 5.30% | 12.59% | 6.09% |
| 2012 | 39.60% | 17.00% | 6.10% | 5.70% | 28.80% | 1.50% |
| 2013 | 38.36% | 14.09% | 6.59% | 4.90% | 29.57% | 4.90% |
| 2014 | 38.10% | 11.30% | 7.50% | 5.40% | 34.50% | 1.20% |
| 2015 | 34.00% | 11.00% | 9.00% | 6.40% | 32.80% | 3.60% |
| 2016 | 35.27% | 10.32% | 10.62% | 7.21% | 31.36% | 0.80% |
| 2017 | 33.30% | 9.70% | 11.30% | 7.30% | 28.80% | 3.30% |
| 2018 | 33.60% | 8.50% | 13.00% | 6.50% | 29.70% | 1.30% |
| 2019 | 31.33% | 8.11% | 15.12% | 6.81% | 29.83% | 1.00% |
| 2020 | 29.70% | 7.90% | 16.20% | 6.00% | 30.60% | 1.10% |
| 2021 | 32.13% | 22.82% | 18.82% | 6.11% | 11.21% | 1.20% |
| 2022 | 24.00% | 22.90% | 22.70% | 8.60% | 11.20% | 1.10% |
| 2023 | 24.38% | 22.78% | 22.18% | 9.69% | 8.69% | 1.30% |
| 2024 | 25.67% | 21.68% | 22.48% | 9.19% | 7.99% | 1.70% |
| 2025 | Not reported | Not reported | Not reported | Not reported | Not reported | Not reported |
NMERB: investment returns
Each year shows the return over the preceding one, five and ten years.
| Fiscal year | One year | Five years | Ten years |
|---|---|---|---|
| 2001 | -10.10% | Not reported | Not reported |
| 2002 | -8.73% | Not reported | Not reported |
| 2003 | 2.80% | Not reported | Not reported |
| 2004 | 15.39% | 1.82% | Not reported |
| 2005 | 9.86% | 1.34% | Not reported |
| 2006 | 12.30% | 5.90% | Not reported |
| 2007 | 17.60% | 11.50% | Not reported |
| 2008 | -6.20% | 9.50% | Not reported |
| 2009 | -17.30% | 2.40% | Not reported |
| 2010 | 18.20% | 3.90% | 2.62% |
| 2011 | 19.70% | 5.20% | 5.50% |
| 2012 | 2.00% | 2.30% | 6.80% |
| 2013 | 11.00% | 5.80% | 7.60% |
| 2014 | 14.60% | 12.90% | 0.50% |
| 2015 | 4.00% | 10.10% | 6.90% |
| 2016 | 2.60% | 6.60% | 5.70% |
| 2017 | 12.00% | 8.70% | 5.20% |
| 2018 | 8.30% | 8.10% | 6.80% |
| 2019 | 7.30% | 6.70% | 9.60% |
| 2020 | -0.97% | 5.71% | 7.75% |
| 2021 | 28.76% | 10.62% | 8.61% |
| 2022 | 1.00% | 8.40% | 8.50% |
| 2023 | 5.60% | 7.80% | 8.00% |
| 2024 | 8.60% | 8.10% | 7.40% |
| 2025 | 9.98% | 10.40% | 8.05% |