New Mexico Pension Fund Names New Executive Director

April 13, 2012 ( - The New Mexico Public Employees Retirement Association has selected Wayne Propst as its top administrator.

The pension board announced that Propst will become executive director of the $12 billion retirement fund effective May 14, according to the Associated Press. He has been executive director of the New Mexico Retiree Health Care Authority since August 2008.  

Propst succeeds Terry Slattery, who left last year for a job with a retirement program in Iowa. Kurt Weber has been serving as PERA’s interim executive director, the AP said.  

The pension system covers about 64,000 active public employees, including state and municipal workers, judges and legislators, and about 31,000 retirees.