N.M. Stat. § 29-4-6
[Pension consultants; employment; duties.]
The board of supervisors of the New Mexico state police [secretary of public safety]
are [is] hereby authorized and empowered to engage pension consultants to assist in
drafting the trust agreements and establishing an equitable, practical and actuarially
sound pension program. The trustee shall engage pension consultants to supervise and
assist in the technical operation of the pension trust in order that there may be no
deterioration in the actuarial status of the plan.