The New Hampshire Retirement System (NHRS, the Retirement System) is aware of an increase in situations where participating employers are using shared or loaned employees. Fiscal and workforce challenges have caused some employers to seek innovative solutions to their staffing needs. This includes the utilization of one person to provide services to two or more employers.

These arrangements may be structured in several ways and NHRS is still evaluating what, if any, impact this may have with respect to NHRS administration on such matters as enrollment, participation, creditable service, and “earnable compensation.”

In the meantime, we strongly encourage participating employers to call NHRS for guidance when contemplating the implementation of such arrangements as any impact regarding NHRS administration is “fact specific” on a case-by-case basis.

Read the full notice here.

Questions may be directed to Mark F. Cavanaugh, Associate Counsel and Compliance Officer, at 603-410-3592; mark.cavanaugh@nhrs.org