NHRS is a defined benefit plan, which offers its eligible members a lifetime pension. Retirement benefits are determined by a formula which considers two variables: a member’s salary (“Average Final Compensation”) and a member’s service (“Creditable Service”). Although members and their employers make regular contributions to NHRS, those contributions are not variables in determining the actual defined benefit.

Group I (Employee and Teacher) Members hired prior to July 1, 2011

Group I (Employee and Teacher) Members hired on or after July 1, 2011

Group II (Police and Fire) members vested prior to January 1, 2012

Group II (Police and Fire) members not vested prior to January 1, 2012 but hired prior to July 1, 2011

Group II (Police and Fire) members hired on or after July 1, 2011