New Mexico Public Employees Retirement Association, Santa Fe, is rebranding its deferred compensation plan, giving it a new name, plus a logo that the $500 million 457 plan will share with PERA's $14 billion defined benefit plan, said Jonathan Grabel, chief investment officer.
The goal of the entire retirement system is to provide state employees with a comfortable retirement with dignity, Mr. Grabel said. We want to work as hard as we possibly can to help people to reach that goal.
The deferred comp plan's new name is Smart Save, and the new logo features rays of the sun forming a nest for an egg. Meketa Investment Group was hired in September as the 457 plan's consultant; Nationwide Retirement Solutions is the administrator.
We're trying to get across the nature of the deferred compensation plan, which is a great benefit ... and it is overseen by PERA staff, Mr. Grabel said.