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NMERB Board of Trustees

The management of the Educational Retirement Board is vested in a board of nine members. The Board stands in a fiduciary relationship to the members covered under the Educational Retirement Act. Administrative management of  the fund is vested in a Director who is appointed by the Board of Trustees. Board meetings are open to the public.

Title

Format

FY24-FY26 Strategic Plan 08-16-2024
PDF
BOT Resolution No. 2024-1 Adoption of Revised Policies and Procedures 02-23-2024
PDF
NMERB Transparency Policy (2017)
PDF
ERB Board Governance
PDF
ERB Funding Policy
PDF
ERB Divestment Policy 12/04/20
PDF
Upcoming Board and Committee Meetings
Web
H. Russell Goff

Russell Goff, Chair

New Mexico Association of Educational Retirees

H. Russell Goff is the representative for the New Mexico Association of Educational Retirees (NMAER). He has served as the Executive Director for NMAER since 2002.

Russell began his career as a teacher at Adobe Acres Elementary School in 1964 and served for 37 years in the Albuquerque Public Schools until retiring in 2001. In APS he served as a teacher, activities director, assistant principal, lobbyist and retired as the Principal of Eldorado High School. He also served as Principal of Washington and Wilson Middle Schools in APS. He received his Bachelor’s and Master’s Degrees from the University of New Mexico and did additional graduate work at Adams State College in Alamosa, Colorado and at Appalachian State University in Boone, North Carolina. Currently, he also serves on the Board of Directors of the New Mexico Sports Hall of Fame, where he is a past president, and the New Mexico Coalition of Educational Leaders (NMCEL).

Matias Fontela

Matías Fontenla, Secretary

American Federation of Teachers New Mexico Representative

Matías Fontenla is a Professor of Economics at the University of New Mexico. In addition to serving in the ERB’s Board of Trustees, he also serves in the Investments Committee of the American Association of University Professors (AAUP), the institution that shaped higher education by helping implement academic freedom and tenure principles at American universities. He also has been elected to the Executive Council of New Mexico’s American Federation of Teachers (AFT) labor organization.

Within UNM, Professor Fontenla has been elected by the general faculty to chair the Committee on Governance, one of the shared governance bodies at the university. He also is the Treasurer of UNM’s faculty union, United Academics of UNM.

Continue reading about Professor Fontenla

Professor Fontenla’s research focuses on development economics, migration, and financial intermediation, with a regional interest in Latin America. He has published scholarly articles in journals such as World Development, Economics Letters, and Macroeconomic Dynamics. A native from Argentina, he got his PhD in Economics from the University of Texas at Austin and taught at CIDE and the University of Guanajuato in Mexico before joining UNM.

Betty Patterson

Betty Patterson

National Education Association of New Mexico

A lifelong champion for public education in New Mexico, Betty Patterson brings decades of classroom experience and leadership to the Educational Retirement Board of Trustees.

Betty earned both a Bachelor of Science in Education and a Master of Special Education from New Mexico State University, establishing a deep foundation for a distinguished 36-year teaching career. Dedicated to supporting students with diverse learning needs, Betty served communities across the state, teaching in Lordsburg, Deming, and Las Cruces.

Beyond the classroom, Betty has been an advocate for educators and public school employees at the state level. A long-standing leader within the National Education Association of New Mexico (NEA-NM), Betty served the organization in multiple executive capacities, including roles as President, Vice President, and Retired Secretary for NEA-NM.

Today, Betty continues to guide the organization’s mission as an active member of the NEA-NM Board, ensuring that the voices of both active and retired education professionals are always represented.

Renee Ward,  Deputy Cabinet Secretary, Department of Finance and AdministrationRenee Ward

Governor Appointee

Renee Ward is the Deputy Cabinet Secretary for the Department of Finance and Administration, having been appointed to the position in April 2019. She comes to the New Mexico Educational Retirement Board with leadership experience spanning state and local governments, higher education and healthcare systems in the private sector.

In her current role as Deputy Cabinet Secretary, she oversees agency divisions, ensuring alignment with the agency’s mission, strategic goals, and operational excellence.

Prior to DFA, Ms. Ward served in roles with prominent healthcare systems. At Presbyterian Healthcare Services in Albuquerque, she managed strategic planning efforts at the enterprise level and directed division operations to implement innovative and efficient healthcare solutions. At Sharp Healthcare, a non-profit healthcare system in San Diego, she advanced future planning initiatives and worked to enhance strategic organizational alignment.

Continue reading about Ms. Ward

Additionally, Ms. Ward has played pivotal roles in state and local government and higher education, in areas of budget and financial management, legal, compliance and human resources, demonstrating her ability to navigate complex administrative and policy challenges. Her work consistently reflects a commitment to fostering collaboration across sectors to address pressing administrative issues effectively.

She holds a bachelor’s degree in Public Administration from San Diego State University and a master’s degree in Healthcare Administration from the University of New Mexico’s School of Public Administration.

Ms. Ward serves as the Department of Finance and Administration’s designee on the Substitute Care Advisory Council, tasked with providing a permanent system for independent and objective monitoring of children placed in custody.

Laura Montoya, NM Secretary Treasurer 2023The Honorable Laura M. Montoya

State Treasurer, Ex Officio

Raised and educated in Northern New Mexico, Laura M. Montoya broke barriers as the first female New Mexico State Treasurer and the first elected Latina State Treasurer in the United States. Treasurer Montoya is a skilled, steadfast advocate for New Mexicans, having served the Land of Enchantment for over two decades at the federal, state, tribal, and local levels with experience in banking, investments, and public policy.

Treasurer Montoya works tirelessly to address inequities through various initiatives, such as outreach for financial literacy, the New Mexico State Treasurer’s Achieving a Better Life Experience (NM STABLE) program, Baby Bonds, and leading conversations on Diversity, Equity, and Inclusion (DEI) strategies, both in New Mexico and nationally. Treasurer Montoya’s dedication ensures that sound financial policies and practices pave the way for a more equitable and prosperous future for New Mexico. The Treasurer manages the state’s $17 billion and serves on 13 boards, councils, and commissions with fiduciary responsibility for state funds exceeding $150 billion.

Dr. Reilly S. White, PhD

AAUP Representative

Dr. White is the Associate Dean of Teaching and Learning and a tenured Associate Professor of Finance at the University of New Mexico Anderson School of Management. Dr. White is also Director for the $5.2 Million student-run UNM Regent’s Portfolio, and leads a series of financial literacy projects in the community. Prior to his career in academia, Dr. White worked as an analyst for a large Boston-based bank, where he learned a great deal about company analysis, funding, and maintaining ethical corporate leadership. He has consulted with investment managers and municipalities on maintaining optimal portfolio strategies, particularly in response to economic challenges. Dr. White was also awarded the 2022 Paul Bartlett Ré Emerging Promotor of Peace Award and is a recipient of the 2022-2023 New Mexico Changemakers Educational Fellowship. In addition to on the Board of Trustees of ERB, Dr. White serves on the of boards of the Cancer Support Community Los Angeles, Voz Collegiate Preparatory School, Voz Collegiate Foundation and the Investment Board of the Museum of New Mexico Foundation.

Continue reading about Dr. White

In addition to his Ph.D. in Finance from the University of Connecticut, Dr. White graduated summa cum laude from the University of Massachusetts-Dartmouth with a degree in Finance. Dr. White has published twenty articles in finance and financial technology in the last few years, including articles in Physica A, Journal of Corporate Finance, IEEE, Technological Forecasting and Social Change, and the Journal of Banking and Finance. With his students, he co-authored Financial Literacy for Immigrants and Refugees, a free financial literacy handbook that has been translated into Spanish, Arabic, and Dari. Since 2020, Dr. White has been interviewed over 350 times by local and national media outlets on various economic and financial topics.

Cathy Fernandez

Governor Appointee

Cathy Fernandez is a former Deputy Director of Legislative Finance Committee (LFC) in New Mexico. She was with Legislative Finance Committee for 16 years – first as a principal analyst for Public Schools then Post Secondary Education. Cathy was responsible for leading and supervising 15 budget analysts at LFC that develop budget recommendations and perform complex public policy analysis for state agencies, testified before legislative committees on the state budget, advised legislative leadership and developed professional training for staff. Cathy also worked in various executive branch agencies for a total of over 26 years’ experience in government finance and budgeting.

While at the LFC, Cathy was a member of the Executive Committee of the National Conference of State Legislatures, serving as Chair of various committee’s and President of National Association of Legislative Fiscal Officers.

Continue reading about Cathy Fernandez

Cathy served on the Board of Big Brothers Big Sisters and as a big sister for over 20 years. After retirement, she volunteered with Santa Fe Botanical Gardens and with the City of Santa Fe RSVP early childhood education program, and is currently the Treasurer and a board member of the Nuevo Mexicano Heritage Arts Museum.

Cathy has a Master’s degree in Public Administration from the University of New Mexico and a Bachelor of Business Administration degree in Marketing from New Mexico State University. Cathy also attended and completed a program for state and local government officials at Harvard University, Kennedy School of Government.

Stephanie M. Rodriguez, Cabinet Secretary

Higher Education Department

 

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Managing the retirement assets of New Mexico Educators since 1957.

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Santa Fe, NM 87507

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8500 Menaul Blvd. NE, Suite B-450
Albuquerque, NM 87112