New Mexico moves DC plan under investment division's wing
By Arleen Jacobius | November 2, 2012 4:21 pm
New Mexico Public Employees Retirement Association, Santa Fe, officials are transferring its $400 million deferred compensation program to the investment division from the administrative services division, said Joelle Mevi, chief investment officer for the $12.1 billion pension fund in an e-mail.
The deferred compensation program is being moved because Kurt Weber, deputy executive director, operations and administrative services division director — who has overseen the deferred compensation program since 1998 — is retiring at the end of November, Mr. Weber said in an e-mail.
The pension fund has not yet replaced Mr. Weber.