Year: 2021

The New Mexico State Treasurer’s Office, on behalf of the New Mexico Work and $ave Board, is developing protocols by which financial service providers will be approved to offer retirement savings plans to individuals, small businesses, and employees through the Work and $ave Retirement Plan Marketplace. The Retirement Plan Marketplace will be an online platform… Continue Reading Request for Information: Retirement Plan Marketplace, Financial Service Providers

Shannon Jacques of the Albuquerque Hispano Chamber of Commerce interviewed New Mexico Work and Save Executive Director Claudia Armijo and Board Member Othiamba Umi of AARP New Mexico. The three discussed the New Mexico Work and Save program.   You can view the podcast here: https://www.facebook.com/AHCNM/videos/267951285400407

Pattern Energy Group LP (Pattern Energy) and the New Mexico Renewable Energy Transmission Authority (RETA) announced today the Western Spirit Transmission line has been energized and is fully operational. The 155-mile 345 kV transmission line, developed jointly by Pattern Energy and RETA, will collect up to 800 megawatts (MW) of wind power from central New… Continue Reading Energization of Western Spirit Transmission Line in New Mexico

For the 15th year in a row, Standard & Poor’s Global Ratings has rated the New Mexico Local Government Investment Pool (LGIP) “AAAm.” According to S&P, “A fund rated ‘AAAm’ demonstrates an extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk. ‘AAAm’ is the highest principal… Continue Reading LGIP Reaffirmed “AAAm” for 15th Year in a Row by S&P

New Mexico Work and $ave and the Colorado Secure Savings Program signed a first-in-the-country Memorandum of Cooperation to pursue a formalized partnership agreement for their Auto-IRA retirement-savings programs. The programs are for private-sector workers who do not currently have access to a retirement-savings plan at work—about 430,000 New Mexicans and almost one-million Coloradans. This includes… Continue Reading New Mexico and Colorado Enter Historic Partnership for Retirement Savings

Former State Treasurer James B. Lewis inducted into 2021 National Association of State Auditors, Comptrollers, and Treasurers Hall of Fame State Treasurer Tim Eichenberg and State Auditor Brian S. Colón Applaud Recognition of the Honorable James B. Lewis The Honorable James B. Lewis, former New Mexico State Treasurer, was recognized by the National Association of… Continue Reading Former State Treasurer Lewis Inducted into NASACT Hall of Fame

State Treasurer Tim Eichenberg and ABLE New Mexico Coordinator Heather Benavidez explain the benefits of the ABLE program in a new radio public service announcement: https://nmsto.gov/wp-content/uploads/2021/06/ABLE-New-Mexico-PSA-2021.mp3 The PSA was produced by James Hallinan of Intersection Strategies at KSWV-FM in Santa Fe, New Mexico.

State Treasurer Tim Eichenberg spoke to community members in Cleveland, New Mexico, last weekend about the New Mexico Work & Save program. Work & Save will help private-sector workers in New Mexico to save for their retirement, even if their workplace doesn’t offer a plan. For more information on Work & Save, click here.

The State of New Mexico, in partnership with the New Mexico Mortgage Finance Authority (MFA), will begin accepting applications for the New Mexico Homeowner Assistance Fund on Tuesday, May 18, 2021. The assistance covers past-due or current mortgage payments for income-eligible New Mexicans who have experienced a financial hardship associated with the COVID-19 health crisis. The… Continue Reading Fund Provides Mortgage Assistance to Homeowners

Please note that the New Mexico State Treasurer’s Office (STO) will not be publishing cash balances at the state agency (business unit) level for fiscal year 2021 due to a 2021 Audit Rule change. Per the 2021 Audit Rule Summary of Changes, page 4: 2.2.2.10 (P)(3)(f) NMAC: Removed requirement for IPAs auditing cash of state… Continue Reading Cash Balances for State Agencies as of June 30, 2021