Please share this post with a city, county, state employee, public school educator, university employee, retiree, or anyone connected to PERA or ERB.
This issue impacts more than 200,000 New Mexicans and deserves serious attention.
To the active workers and retirees of both PERA and ERB: this is a major issue that cannot be ignored any longer.
While I respect my friend Duke, I must disagree with him on this matter. I began speaking publicly about this issue in the summer of 2025 and even met with the president of a retiree association, who strongly supported my proposal.
Here are the current combined totals for PERA and ERB:
Active Contributors:
• PERA: 52,581
• ERB: 64,274
Retirees and Benefit Recipients:
• PERA: 46,942
• ERB: 56,764
That represents well over 220,000 New Mexicans who are directly affected.
If you read the comments from Greg Trujillo in the second screenshot, he makes an important point: the state must proceed very carefully.
From my perspective, there are only three realistic options:
1. Spend billions of taxpayer dollars to strengthen the retirement reserves.
2. Leave the system unchanged and hope the problem fixes itself - which I do not believe is a responsible option.
3. Implement the proposal I have been developing, that is proven.
My plan will not require taxpayer funding. Additionally, it will reinstate the 3% cost-of-living adjustments (COLAs) and return the retirement eligibility threshold to 25 years.
I believe New Mexico needs real solutions, honest conversations, and leadership willing to address difficult issues before they become larger problems.
If you would like to learn more about my proposal, please email me. I will also organize a Zoom call with PERA and ERB members so we can openly discuss concerns, ideas, and possible solutions together.
Email: Miyagishimaken@gmail.com
Thank you,
Ken
Credit to the Santa Fe New Mexican- Daniel Chacon for the article below: