Nicholas Koluncich

Here’s a little about Nick – PERA should work for you. Your retirement is made of stocks, bonds and investments. As a PERA Member, you are entitled to know what is going on with your money – that’s why Nick will fight for PERA to communicate more frequently with members.

There has been bad press about PERA recently but Nick is committed to restoring integrity and trust to this respected entity. With over 20 years of securities law experience, strong protection and custodianship of your retirement funds is guaranteed with Nick as your PERA Board Representative.

For the last six years, Nick has worked in the legal department at the New Mexico State Land Office, focused on renewable energy, real estate, oil and gas and other matters representing income sources for New Mexico.

PLATFORM I WILL BRING TO PERA BOARD
 
-Follow Examples of Successful State Pension Funds. Copy Illinois investment strategy which yielded an 11% plus investment return compared to NM’s 4% plus return. 

-Inflation adjusted payments to PERA from the state. 

-Allow members to Invest in tangible assets such as gold and silver, which outperformed the market.

-Cash contributions over years to the underfunded PERA fund from the budget surplus.

-Review fees, charges, load, taxes and costs for investment services.  There are redundant and hard to locate hidden deductions from our money.

-Allow for investment in simple interest bearing savings accounts instead of 1% sweeps accounts.

-Review investments in “private equity.” 

-Open meetings online and in advance for greater public involvement