NHRS realized an 8.8% return on investments in the fiscal year ended June 30, 2024. The retirement system’s assumed rate of investment return is 6.75%. At the close of fiscal year (FY) 2024, the retirement system’s unaudited trust fund assets were $12.2 billion, an increase of approximately $700 million from the prior fiscal year, which stood at $11.5 billion.
NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual financial reports.
NHRS is regularly contacted by members and retirees about calls and/or emails from third parties soliciting them to sign up for a free retirement appointment and/or provide personal information. THESE COMMUNICATIONS ARE NOT FROM NHRS.
The NHRS Board of Trustees certified employer contribution rates for fiscal years 2026 and 2027 at its meeting on August 13, 2024. For the second consecutive two-year rate cycle, total employer contribution rates for all four membership classifications – Employee, Teacher, Police, and Fire – will decrease as a percentage of covered payroll.
Three bills impacting NHRS benefits were passed by the New Hampshire Legislature during the 2024 session and have been signed into law by the Governor.
The Board of Trustees of the New Hampshire Retirement System (NHRS, the retirement system) voted June 11, 2024, to adopt revised actuarial assumptions based on the results of a four-year experience study conducted by its consulting actuary, Gabriel, Roeder, and Smith (GRS).
For the first time in its 57-year history, NHRS will exceed $1 billion in pension benefit payments this fiscal year. With close to 80 percent of NHRS’ retirees and beneficiaries living in the Granite State, most of these retirement benefits support local economic activity.
Christine Clinton of Dublin was recently elected chair of the NHRS Independent Investment Committee.
Maureen Kelliher of Dover was recently appointed to chair the New Hampshire Retirement System (NHRS, the retirement system) Board of Trustees.
The retirement system has released its Annual Comprehensive Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2023.
A statutory commission created by 2023 legislation to study the impact NHRS benefits have on the retention and recruitment of public employees has issued its final report, which includes five recommendations.
NHRS realized an 8.2% return on investments in the fiscal year ended June 30, 2023.
PBI, a third-party vendor used by NHRS, recently informed us that an application it uses for data transfers, called MOVEit, contained a vulnerability that potentially enabled unauthorized individuals to access data handled using MOVEit. If an NHRS retiree or beneficiary was affected in this incident, that individual will receive a notification letter from PBI within the next few weeks containing information on how to obtain free credit-monitoring services. No system or network of NHRS was compromised or otherwise impacted in this incident.
Brian Bickford of Hopkinton was recently appointed to the NHRS Independent Investment Committee as a public member.
Five bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2023 session. RSA 100-A is the statute governing NHRS.
Jason Henry was recently appointed to the New Hampshire Retirement System Board of Trustees as an employer member representing the NH Association of Counties.
Governor Sununu's recent executive order dealing with investment funds and strategies based on non-financial considerations, including environmental, social, and governance (ESG) criteria does not impact the retirement system’s $11 billion investment portfolio and decision-making processes, which is already focused on obtaining the highest return at a prudent level of risk and volatility.
Jon Frederick was recently appointed to the NHRS Board of Trustees as an employer member representing the NH Municipal Association.
The New Hampshire Retirement System has hired Raynald Leveque to serve as Chief Investment Officer (CIO), effective October 1.
Seven bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2022 session and signed into law by the Governor.