Strategic Planning

Background

The New Hampshire Retirement System was created in 1967 as a contributory defined benefit plan. The plan provides lifetime pension benefits, disability benefits, and pre- and post-retirement death benefits for public employees, teachers, police officers, and firefighters.

For the fiscal year ending June 30, 2023, NHRS had approximately 48,500 active members and 43,500 retirees and beneficiaries; it paid out more than $950 million in pension benefits and nearly $45 million in Medical Subsidy payments. Nearly 80% of our retirees continue to live in-state and their benefits have a positive impact on the state's economy. 

Under RSA 100-A, NHRS has a fiduciary obligation to act for the exclusive benefit of its members and beneficiaries. To carry out that obligation, its operations are governed by a 13-member Board of Trustees. The investment of the trust fund’s more than $12 billion in assets is the responsibility of an Independent Investment Committee, which consists of six members. Day-to-day retirement system operations are delegated by the Board to the Executive Director and administered by a staff of approximately 75.

Pursuant to Board Policy, NHRS adopts a rolling Strategic Plan on an annual basis.

June 2024