U.S. Pension Tracker

Joe Nation, Ph.D.

Pension Tracker Project Director
Bill Lane Center for the West

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) 2019, the most recent available.

New Mexico, All State and Local Systems

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Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2017 2018 2019
Market Liability (thousands) $71,124,446 $68,909,518 $71,605,552
Value of Assets (thousands) $28,722,801 $28,399,817 $29,086,259
Market Pension Debt (thousands) $42,401,645 $40,509,701 $42,519,293
Market Discount Rate 3.00% 3.25% 3.25%
Actuarial Liability (thousands) $40,315,284 $42,042,166 $43,687,035
Actuarial Pension Debt (thousands) $11,592,483 $13,642,349 $14,600,776
Assumed Rate of Return 7.60% 7.25% 7.25%
  • Variable

    Market Liability (thousands)

    • 2019

      $71,605,552

    • 2018

      $68,909,518

    • 2017

      $71,124,446

    • 2016

      $69,724,296

    • 2015

      $64,492,537

    • 2014

      $65,759,983

    • 2013

      $61,201,691

    • 2012

      $68,137,221

    • 2011

      $53,105,334

    • 2010

      $52,906,036

    • 2009

      $47,529,530

    • 2008

      $42,641,969


  • Variable

    Value of Assets (thousands)

    • 2019

      $29,086,259

    • 2018

      $28,399,817

    • 2017

      $28,722,801

    • 2016

      $25,503,677

    • 2015

      $25,937,530

    • 2014

      $25,962,825

    • 2013

      $23,066,710

    • 2012

      $21,242,560

    • 2011

      $21,742,683

    • 2010

      $18,382,634

    • 2009

      $16,034,268

    • 2008

      $20,893,489


  • Variable

    Market Pension Debt (thousands)

    • 2019

      $42,519,293

    • 2018

      $40,509,701

    • 2017

      $42,401,645

    • 2016

      $44,220,619

    • 2015

      $38,555,007

    • 2014

      $39,797,158

    • 2013

      $38,134,981

    • 2012

      $46,894,661

    • 2011

      $31,362,651

    • 2010

      $34,523,402

    • 2009

      $31,495,262

    • 2008

      $21,748,480


  • Variable

    Market Discount Rate

    • 2019

      3.25%

    • 2018

      3.25%

    • 2017

      3.00%

    • 2016

      3.00%

    • 2015

      3.25%

    • 2014

      3.00%

    • 2013

      3.20%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.70%

    • 2009

      4.20%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2019

      $43,687,035

    • 2018

      $42,042,166

    • 2017

      $40,315,284

    • 2016

      $38,801,046

    • 2015

      $37,038,690

    • 2014

      $34,981,702

    • 2013

      $33,680,797

    • 2012

      $33,859,195

    • 2011

      $32,341,711

    • 2010

      $30,158,249

    • 2009

      $28,979,830

    • 2008

      $26,886,405


  • Variable

    Actuarial Pension Debt (thousands)

    • 2019

      $14,600,776

    • 2018

      $13,642,349

    • 2017

      $11,592,483

    • 2016

      $13,297,369

    • 2015

      $11,101,160

    • 2014

      $9,018,877

    • 2013

      $10,614,087

    • 2012

      $12,616,635

    • 2011

      $10,599,028

    • 2010

      $11,775,615

    • 2009

      $12,945,562

    • 2008

      $5,992,916


  • Variable

    Assumed Rate of Return

    • 2019

      7.25%

    • 2018

      7.25%

    • 2017

      7.60%

    • 2016

      7.75%

    • 2015

      7.75%

    • 2014

      7.75%

    • 2013

      7.75%

    • 2012

      7.75%

    • 2011

      7.75%

    • 2010

      8.00%

    • 2009

      8.00%

    • 2008

      8.00%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2017 2018 2019
Market Funded Ratio 40.4% 41.2% 40.6%
Actuarial Funded Ratio 71.3% 67.6% 66.6%
  • Variable

    Market Funded Ratio

    • 2019

      40.6%

    • 2018

      41.2%

    • 2017

      40.4%

    • 2016

      36.6%

    • 2015

      40.2%

    • 2014

      39.5%

    • 2013

      37.7%

    • 2012

      31.2%

    • 2011

      40.9%

    • 2010

      34.8%

    • 2009

      33.7%

    • 2008

      49.0%


  • Variable

    Actuarial Funded Ratio

    • 2019

      66.6%

    • 2018

      67.6%

    • 2017

      71.3%

    • 2016

      65.7%

    • 2015

      70.0%

    • 2014

      74.2%

    • 2013

      68.5%

    • 2012

      62.7%

    • 2011

      67.2%

    • 2010

      61.0%

    • 2009

      55.3%

    • 2008

      77.7%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2017 2018 2019
Population 2,088,070 2,095,428 2,096,829
Households 767,705 775,651 780,249
  • Variable

    Population

    • 2019

      2,096,829

    • 2018

      2,095,428

    • 2017

      2,088,070

    • 2016

      2,081,015

    • 2015

      2,085,109

    • 2014

      2,085,567

    • 2013

      2,086,890

    • 2012

      2,084,594

    • 2011

      2,078,407

    • 2010

      2,064,950

    • 2009

      2,036,802

    • 2008

      2,010,662


  • Variable

    Households

    • 2019

      780,249

    • 2018

      775,651

    • 2017

      767,705

    • 2016

      758,364

    • 2015

      760,749

    • 2014

      760,916

    • 2013

      753,507

    • 2012

      764,996

    • 2011

      767,285

    • 2010

      765,183

    • 2009

      742,104

    • 2008

      741,399


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2017 2018 2019
State General Fund Expenditures (thousands) $6,213,000 $6,102,000 $6,364,000
State Total Expenditures (thousands) $18,430,000 $20,460,000 $20,534,000
State Total General Fund Revenues (thousands) $5,803,100 $6,882,000 $7,673,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2019

      $6,364,000

    • 2018

      $6,102,000

    • 2017

      $6,213,000

    • 2016

      $6,220,000

    • 2015

      $6,151,000

    • 2014

      $5,910,000

    • 2013

      $5,651,000

    • 2012

      $5,464,000

    • 2011

      $5,231,000

    • 2010

      $5,305,000

    • 2009

      $6,080,000

    • 2008

      $6,027,000


  • Variable

    State Total Expenditures (thousands)

    • 2019

      $20,534,000

    • 2018

      $20,460,000

    • 2017

      $18,430,000

    • 2016

      $18,076,000

    • 2015

      $17,091,000

    • 2014

      $16,198,000

    • 2013

      $14,696,000

    • 2012

      $14,375,000

    • 2011

      $14,347,000

    • 2010

      $15,373,000

    • 2009

      $15,379,000

    • 2008

      $14,207,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2019

      $7,673,000

    • 2018

      $6,882,000

    • 2017

      $5,803,100

    • 2016

      $5,712,000

    • 2015

      $6,115,000

    • 2014

      $6,041,000

    • 2013

      $5,709,000

    • 2012

      $5,817,000

    • 2011

      $5,471,000

    • 2010

      $4,798,000

    • 2009

      $5,321,000

    • 2008

      $6,132,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2017 2018 2019
Market Pension Debt/Household $55,232 $52,227 $54,495
Market Pension Debt/Capita $20,307 $19,332 $20,278
Market Pension Debt/State General Fund Expenditures 6.82 6.64 6.68
Market Pension Debt/State Total Expenditures 2.30 1.98 2.07
Market Pension Debt/State Total General Fund Revenues 7.31 5.89 5.54
Actuarial Pension Debt/Household $15,100 $17,588 $18,713
Actuarial Pension Debt/Capita $5,552 $6,511 $6,963
Actuarial Pension Debt/State General Fund Expenditures 1.87 2.24 2.29
Actuarial Pension Debt/State Total Expenditures 0.63 0.67 0.71
Actuarial Pension Debt/State Total General Fund Revenues 2.00 1.98 1.90
  • Variable

    Market Pension Debt/Household

    • 2019

      $54,495

    • 2018

      $52,227

    • 2017

      $55,232

    • 2016

      $58,311

    • 2015

      $50,680

    • 2014

      $52,302

    • 2013

      $50,610

    • 2012

      $61,301

    • 2011

      $40,875

    • 2010

      $45,118

    • 2009

      $42,440

    • 2008

      $29,334


  • Variable

    Market Pension Debt/Capita

    • 2019

      $20,278

    • 2018

      $19,332

    • 2017

      $20,307

    • 2016

      $21,250

    • 2015

      $18,491

    • 2014

      $19,082

    • 2013

      $18,274

    • 2012

      $22,496

    • 2011

      $15,090

    • 2010

      $16,719

    • 2009

      $15,463

    • 2008

      $10,817


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2019

      6.68

    • 2018

      6.64

    • 2017

      6.82

    • 2016

      7.11

    • 2015

      6.27

    • 2014

      6.73

    • 2013

      6.75

    • 2012

      8.58

    • 2011

      6.00

    • 2010

      6.51

    • 2009

      5.18

    • 2008

      3.61


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2019

      2.07

    • 2018

      1.98

    • 2017

      2.30

    • 2016

      2.45

    • 2015

      2.26

    • 2014

      2.46

    • 2013

      2.59

    • 2012

      3.26

    • 2011

      2.19

    • 2010

      2.25

    • 2009

      2.05

    • 2008

      1.53


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2019

      5.54

    • 2018

      5.89

    • 2017

      7.31

    • 2016

      7.74

    • 2015

      6.30

    • 2014

      6.59

    • 2013

      6.68

    • 2012

      8.06

    • 2011

      5.73

    • 2010

      7.20

    • 2009

      5.92

    • 2008

      3.55


  • Variable

    Actuarial Pension Debt/Household

    • 2019

      $18,713

    • 2018

      $17,588

    • 2017

      $15,100

    • 2016

      $17,534

    • 2015

      $14,592

    • 2014

      $11,853

    • 2013

      $14,086

    • 2012

      $16,492

    • 2011

      $13,814

    • 2010

      $15,389

    • 2009

      $17,444

    • 2008

      $8,083


  • Variable

    Actuarial Pension Debt/Capita

    • 2019

      $6,963

    • 2018

      $6,511

    • 2017

      $5,552

    • 2016

      $6,390

    • 2015

      $5,324

    • 2014

      $4,324

    • 2013

      $5,086

    • 2012

      $6,052

    • 2011

      $5,100

    • 2010

      $5,703

    • 2009

      $6,356

    • 2008

      $2,981


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2019

      2.29

    • 2018

      2.24

    • 2017

      1.87

    • 2016

      2.14

    • 2015

      1.80

    • 2014

      1.53

    • 2013

      1.88

    • 2012

      2.31

    • 2011

      2.03

    • 2010

      2.22

    • 2009

      2.13

    • 2008

      0.99


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2019

      0.71

    • 2018

      0.67

    • 2017

      0.63

    • 2016

      0.74

    • 2015

      0.65

    • 2014

      0.56

    • 2013

      0.72

    • 2012

      0.88

    • 2011

      0.74

    • 2010

      0.77

    • 2009

      0.84

    • 2008

      0.42


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2019

      1.90

    • 2018

      1.98

    • 2017

      2.00

    • 2016

      2.33

    • 2015

      1.82

    • 2014

      1.49

    • 2013

      1.86

    • 2012

      2.17

    • 2011

      1.94

    • 2010

      2.45

    • 2009

      2.43

    • 2008

      0.98


*Recommended not to combine dollar and other categories.

Pension Tracker

Bill Lane Center for the West
473 Via Ortega, First Floor
Stanford, CA 94305-4225
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