New Mexico

New Mexico has two main public pension systems: the Public Employees’ Retirement Association of Mexico (PERA) and the New Mexico Educational Retirement Board (ERB).

• The PERA board represents all eligible public employees; the board consists of 12 members: 2 Ex Officio (Secretary of State, State Treasurer); 4 elected by state members; 4 elected by municipal members; 2 elected by PERA retirees.
  • PERA used to disclose its proxy voting records for directly owned equities on this website
• The ERB represents public school teachers and employees and consists of 9 members: 1 Ex Officio (State Treasurer); 2 members appointed by the Governor; 2 members appointed by the National Education Association of New Mexico; 1 member appointed by the Public Education Department; 1 member appointed by the Department of Higher Education; 1 member appointed by the American Association of University Professors; 1 member appointed by the American Federation of Teachers.
  • The ERB discloses its proxy voting records for directly owned equities on this website.

The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.

The “State Voting” table shows the ERB’s proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends the ERB for publicly disclosing this information online for its pensioners. The 1792 Exchange encourages PERA to publish its proxy voting records instead of keeping its pensioners in the dark about how the state votes on ESG issues with their money.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.