Category: News and Announcements

Special STIC Meeting set for Tuesday June 06, 1 pm No Regular STIC meeting will be held for June 2023 See STIC binder page for info

The monthly STIC meeting has been scheduled for April 12, 2023 at 9:00 am.  View the STIC binder here

New Mexico State Treasurer Tim Eichenberg announced today that during his eight-year tenure, the State Treasurer’s Office earned $541,538,760 on its investments. Eichenberg credits the Investment Division for the record-breaking earnings. “Chief Investment Officer Vikki Hanges is ably assisted by Senior Portfolio Manager Anna Murphy and our new Assistant Portfolio Manager Frank Nichol,” he noted.… Continue Reading STO Earns Half-a-Billion Dollars in Eight Years

Canceled, Will Be Rescheduled Soon  Notice of Special Meeting of the New Mexico Work and $ave Board Thursday, January 5, 2023, 2:00 – 3:30 p.m. Via Zoom   The New Mexico Work and $ave Board will be holding a Special Board meeting on Thursday, January 5, 2023, beginning at 2:00 p.m. Mountain Time. The purpose… Continue Reading Notice of Special Meeting of the New Mexico Work and $ave Board

Amended Payroll-Deduction IRA Program Administrator Services—Request for Proposal: RFP# 21-394-000000111. The New Mexico State Treasurer’s Office and the New Mexico Work and $ave Board are seeking proposals from qualified firms: Payroll-Deduction IRA Program Administrator Services—Request for Proposal: RFP# 21-394-000000111. The amended RFP can be downloaded at https://nmsto.gov/wp-content/uploads/2022/11/RFP-W-and-S-Program-Administrator-Services-Issued-2022-11-28.pdf. Proposals are due on Tuesday, December 27, 2022,… Continue Reading Amended Payroll-Deduction IRA Program Administrator Services Request for Proposals

The New Mexico State Treasurer’s Office has issued a request for proposal for Online Cash/Investment Management Solution, RFP No. 23-394-000000-110. The proposal can be downloaded at https://nmsto.gov/wp-content/uploads/2022/11/Online-investment-accounting-RFP-FY23-23-394-000000-110.pdf. Proposal are due on Friday, December 30, 2022, at 5:00 pm Mountain Standard Time. The State Treasurer’s Office received the following questions, which we have answered as shown:… Continue Reading Request for Proposal: Online Cash/Investment Management Solution

The New Mexico State Treasurer’s Office and the New Mexico Work and $ave Board are seeking proposals from qualified firms: Payroll-Deduction IRA Program Administrator Services—Request for Proposal: RFP# 21-394-000000111. The RFP can be downloaded at https://nmsto.gov/wp-content/uploads/2022/11/RFP-W-and-S-Program-Administrator-Services-Issued-2022-11-28.pdf. Proposals are due on Tuesday, December 27, 2022, at 4:00 pm Mountain Standard Time.

The preliminary draft rules linked below are only drafts of rules proposed to govern the General Provisions, Definitions, and the Retirement Plan Marketplace; they are not final. The preliminary draft rules are being circulated to stakeholders for review and input before final rules are formally adopted by the New Mexico Work and $ave Board. Background… Continue Reading Request for Input on Preliminary Draft Rules

The next New Mexico Work and Save Board Meeting will be held on Thursday, November 10, 2022, at 2:00 pm via Zoom. The agenda is available here. To register for the meeting, please click here. To subscribe to email updates about New Mexico Work and Save, including Board Meeting dates, please visit this link. To… Continue Reading Next NM Work & Save Board Meeting on November 10

The New Mexico State Treasurer’s Office has an opening for an Administrative Operations Manager 1, Job ID 126041. Please click here for more information and to apply.

The New Mexico State Treasurer’s Office has an opening for an Accountant/Auditor–Advanced, Job ID 125629. Please click here for more information and to apply.

New Mexico Work and $ave Retirement Plan Marketplace RFI Questions   Posted January 10, 2022: Q. Would you like respondents to put forth a comprehensive platform that offers all of these services including products, platforms, administrators, etc. for all plan types or would you like each respondent to offer up their specialty product (for example… Continue Reading Questions and Answers: RFI for Retirement Plan Marketplace Financial Service Providers

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

For the 14th 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 14th Year in a Row by S&P

The New Mexico State Treasurer’s Office (STO) announced appointments to the New Mexico Work and Save Board. The nine-member board was created under the Work and Save Act (House Bill 44) during the 2020 legislative session. “Work and Save will enable New Mexicans working in private industry to save for retirement, even if their employers… Continue Reading New Mexico Work and Save Board Named

Click here for the Confirmation of Cash Schedule The New Mexico State Treasurer’s Office (STO) is providing this letter to facilitate a June 30, 2020, confirmation of each agency’s interest in the State General Fund Investment Pool (SGFIP) for accounting periods 0 through 12. The balances will not be changed to reflect activity in period… Continue Reading Confirmation of Cash as of June 30, 2020

Today, State Treasurer Tim Eichenberg  joined Attorney General Hector Balderas and State Auditor Brian Colón in recognizing the Americans with Disabilities Act Day.  On July 17, 2020, Governor Michelle Luján Grisham declared July 26, 2020 as Americans with Disabilities Act Day in honor of the 30th Anniversary of the American with Disabilities Act.   “We are… Continue Reading State Treasurer Eichenberg and Colleagues Recognize Americans with Disabilities Act Day

You can always find the Broker Dealer List in Reports and Resources. Here is the most up-to-date version: https://nmsto.gov/wp-content/uploads/2020/11/Approved-Broker-Dealer-List-for-FY20-FY21-rev-11-23-2020.pdf

capABLE, reliABLE, stABLE, availABLE, dependABLE. New Mexico is #ABLE. Our sincerest gratitude to @StateTreasurers for the wonderful video. Please let your friends, family, and colleagues know about ABLE. Albuquerque Public Schools worked with STO’s ABLE team to create this video.

For the 13th 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 13th Year in a Row by S&P

Note: ABLE New Mexico partners with Ohio. COLUMBUS, OHIO—As of this week, the STABLE account program exceeded $100 million in total contributions made since it launched in 2016, according to an announcement from Ohio Treasurer Robert Sprague. “This $100 million mark signifies so much more than a dollar amount,” said Treasurer Sprague. “For our STABLE… Continue Reading STABLE Program Reaches $100 Million in Contributions

New Mexico State Treasurer Tim Eichenberg has been elected Western Region Vice President of the National Association of State Treasurers. For the full press release visit https://nast.org/new-leadership-elected-for-2020/

“Money Smart New Mexico works year-round to highlight the importance of financial literacy in improving the lives of New Mexico’s citizens.” Quote from http://moneysmartnm.org The New Mexico State Treasurer’s Office understands the value of economic independence and the role that financial literacy plays in helping individuals reach their financial goals. We are committed to helping… Continue Reading State Treasurer’s Office Celebrates Money Smart Month

The June 30, 2018, GASB Statement No. 40 Disclosure letter is available regarding the State of New Mexico Local Government Investment Pool. Download the GASB No. 40 Disclosure.

The New Mexico Department of Finance and Administration’s Financial Control Division has closed Fiscal Year 2018. Click the link below for the cover letter and a report of balances at the business unit level. Download the 2018 Agency Cash Balance Confirmation.

New Mexico State Treasurer Tim Eichenberg is one of the conveners of the 2018 Investor Summit on Climate Risk: Capturing the Investment Opportunities of the Paris Agreement, to be held on January 31, 2018, at the United Nations in New York City. The summit is co-hosted by Ceres, the United Nations Foundation, and the United… Continue Reading 2018 Investor Summit on Climate Risk

The 9th Annual New Mexico Local Government Investment Pool (LGIP) Stakeholder Meeting, hosted by State Treasurer Tim Eichenberg, was held on August 24, 2017, at the Central New Mexico Community College (CNM) Workforce Training Center in Albuquerque. Attendees included NM LGIP participants, prospective participants, and industry leaders. Sponsors included Wells Fargo, JPMorgan Chase, the New Mexico Municipal League, the… Continue Reading Recap of 2017 LGIP Stakeholder Meeting

On June 30, 2017, New Mexico State Treasurer Tim Eichenberg’s office received more than $55 million from the State’s Fire Protection Fund. The money will be distributed to municipal and county fire departments in proportion to their respective needs prior to July 31, as determined by the State Fire Marshal. Funds are used for the… Continue Reading STO Receives $55 Million to be Distributed to Municipal and County Fire Departments