Legislative Updates

The retirement system's role is to provide information and factual analysis on the impact of proposed legislation. For more information on the bills listed below, visit:
https://www.gencourt.state.nh.us/bill_Status/quickSearch.aspx

Legislative Tracker (updated 4/19/24)

2024 Session

Key: + - Bill has been enacted into law; * - Bill is dead; # - Bill has been referred to interim study or tabled.

HB 1211 *

This bill temporarily increases the number of hours a retired employee can work in a calendar year from 1,352 to 1,872. After 10 years, the number of hours would revert to 1,352.

HB 1267 *

This bill prohibits the investment of funds of the state treasury, executive branch agencies, and the state retirement system in investments which consider environmental, social, and governance (ESG) criteria.
Related: NHRS Trustees vote to oppose HB 1267 (2/13/24)

HB 1279 #

This bill provides that the state shall pay 7.5% of local employer retirement contributions for Group I Teachers and Group II Police and Fire members.

HB 1299 *

This bill makes community college fire educators eligible for Group II membership.

HB 1307

This bill makes a one-time supplemental allowance of $500 to accidental disability benefit recipients whose annual benefit is less than $50,000. The bill also provides for future supplemental allowances and cost-of-living adjustments for accidental disability beneficiaries to be granted without regard to years of creditable service.

HB 1421 *

This bill requires the NHRS Board of Trustees to contract for two investment consulting firms and review their performance.
Related: NHRS Trustees vote to oppose HB 1421 (2/13/24)

HB 1435 *

This bill provides that if a retirement system retiree returns to being a member of the system, the portion of the retiree’s allowance which is paid to a former spouse under a qualified domestic relations order will continue.

HB 1451

This bill provides that mandatory overtime shall be reported as part of the full base rate of compensation.

HB 1647

This bill increases the multiplier for Group II Tier B and C members (and future hires) to 2.5% for all years worked in excess of 10 years. The bill includes a $55.9 million appropriation toward the cost of this change.

HB 1653 #

This bill modifies the definition of earnable compensation for Group II members hired prior to July 1, 2011, and who did not attain vested status prior to January 1, 2012.

HB 1673 #

This bill redefines average final compensation for Group II members hired prior to July 1, 2011, and who did not attain vested status prior to January 1, 2012.

SB 309 #

This bill changes the vesting period for retirement system benefits from 10 years to 5 years.

SB 368 *

This bill links the recalculation of a Group I retiree’s NHRS benefit to his or her full retirement age under the federal Social Security system for members who retired prior to July 1, 2023, and who have not attained age 65 prior to July 1, 2024.

SB 520 *

This bill requires state and local public retirement systems to discharge its duties solely in the financial interest of the participants and beneficiaries.
Related: NHRS Trustees vote to oppose SB 520 (2/13/24)

2023 bills still active

SB 134

The bill establishes a retirement system benefit for Group II members who retire due to a violent act injury.