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Editorial: UNM should reject oil & gas divestment » Albuquerque Journal


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Last fall, the state Educational Retirement Board bent to political pressure and voted to drop its meager investments in two private prison companies. That was in spite of warnings from its investment adviser of “sacrific(ing) return for other particular factors” and of the risks of cherry-picking stocks from market-determined index funds.
Now, the University of New Mexico Faculty Senate wants UNM to divest itself of investments in companies involved in fossil fuel extraction and production. The UNM Foundation’s Consolidated Investment Fund portfolio includes several equity firms with direct ties to oil and gas, natural gas and coal production. ....

Roswell Roberto Anderson , Finnie Coleman , School Of Management , University Of New Mexico Faculty Senate , Foundation Consolidated Investment Fund , Faculty Senate , Educational Retirement Board , New Mexico Faculty Senate , Consolidated Investment Fund , Senate President Finnie Coleman , பின்னி கோல்மேன் , பள்ளி ஆஃப் மேலாண்மை , ஆசிரிய செனட் , கல்வி ஓய்வு பலகை , தொகுக்கப்பட்டு முதலீடு நிதி , செனட் ப்ரெஸிடெஂட் பின்னி கோல்மேன் ,

Editorial: Bill would burden NM taxpayers with another ERB bailout » Albuquerque Journal


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With an unfunded liability in the billions – again? still? – New Mexico’s teacher pension fund is in need of some serious structural changes.
The difference between Educational Retirement Board assets and current and future obligations was $9 billion as of July. To put that in perspective, the state’s total spending for the 2019-20 fiscal year was about $7 billion, so the ERB deficit is more than enough to run the entire state for a year.
Reforms enacted in 2019 weren’t expected to get the ERB to full funding for 46 years. Coupled with unfunded liabilities in the state’s other major pension fund, the Public Employees Retirement Association, the unfunded liabilities in the two have played a key role in downgrades to the state’s credit rating. ....

New Mexico , United States , New Hampshire , New Mexicans , William Sharer , Mimi Stewart , Jan Goodwin , Public Employees Retirement Association , Senate On Feb , Educational Retirement Board , Senate Bill , President Pro Tem Mimi Stewart , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஹாம்ப்ஷயர் , வில்லியம் பங்குதாரர் , மிமி ஸ்டீவர்ட் , ஜான் குட்வின் , பொது ஊழியர்கள் ஓய்வு சங்கம் , செனட் ஆன் ஃபெப் , கல்வி ஓய்வு பலகை , செனட் ர சி து , ப்ரெஸிடெஂட் ப்ரொ டெம் மிமி ஸ்டீவர்ட் ,