SANTA FE, N.M. (AP) — New Mexico's pension fund for educators has posted modest investment gains in the past year, reflecting continued volatility in the financial markets.
The Educational Retirement Board reports a 2 percent investment return for the fiscal year ending June 30. That performance was better than 85 percent of similarly large public investment funds.
The pension fund has assets of $9.4 billion. That's about $96 million less than a year ago because pension payouts exceeded investment gains and employee contributions into the fund.
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