Weak market hits New Mexico pension funds

ALBUQUERQUE (AP) – Legislative analysts say the two retirement systems that cover tens of thousands of state and local government workers in New Mexico are facing more than $11 billion in unfunded liability.
Staff with the Legislative Finance Committee announced this week that the gap between projected funds available and what’s needed for current and future retirees could grow if fund managers fail to earn a certain return on investments over the next decade.
The executive director