Moody’s Considers New Mexico Pension Reform Credit Positive

In Politics by Michael Rae

In a recent report, the rating agency Moody’s Investors Service tagged New Mexico’s recently enacted, bipartisan pension reform legislation as credit positive, acknowledging its effectiveness in reducing the Public Employees Retirement Association’s (PERA) unfunded pension liabilities and improving the system’s cash flow going forward.
Per Moody’s, the recent reforms to PERA