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Keep current on the proposed legislation that PERA is tracking.

The December 2011 pension payment direct deposited and/or mailed on December 30, 2011 will see a decrease in the amount paid to retirees who have their healthcare insurance through New Mexico Retiree Healthcare Authority. The January 2012 insurance premium, which is paid from the December 2011 pension payment, reflects the increase in medical insurance premiums. Here is a link to the 2012 insurance premiums from the New Mexico Retiree Healthcare Authority: http://www.nmrhca.state.nm.us/LinkClick.aspx?fileticket=4KUxiQbgV78%3d&tabid=61.

At a Special Board Meeting on December 15, 2011 Mr. Montoya was appointed to replace John Lucero who stepped down from his Board position at the October 2011 Board Meeting. Starting in January 2012, Mr. Montoya will complete the remaining portion of Mr. Lucero's term of office, which will expire at the end of 2012.

Mr. Montoya, who is completing his third term as a PERA Retiree Board member as of December 2011, is currently the Santa Fe County Treasurer. He thanked the Board for the appointment and said he was committed to the financial solvency of the PERA funds.

On December 15, 2011, the PERA Board adopted Resolution No. 11-18, declaring a vacancy for a State member of the Board. The vacancy resulted from the resignation of State Board member Oscar Arévalo. The term of this position expires on December 31, 2014. Therefore, the appointment is for approximately three years. The person appointed to this position may seek election to the position in the 2014 Board election.

Finalists will be invited to interview with the Board at the Board meeting on January 26, 2012. If you have any questions about the appointment or the Board, please call me at (505) 476-9305.

Jane Clifford for the PERA Board

There is now a link to a presentation given to PERA members in the Doña Ana County area in the PERA Media Center under Other Presentations. This presentation is the general informational presentation PERA gives around the state to PERA members.