Apr 15, 2024
As part of the transition to the new employer Data Reporting System (DRS), the automated penalties for late posting of monthly wage and contribution data have been turned off since late 2023. At this time, NHRS plans to re-institute late reporting and payment penalties beginning with the reporting of May member data due June 15.
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Mar 13, 2024
The Internal Revenue Code provides that a member who has not attained normal retirement age may not apply for an early retirement if he or she has a prearrangement.
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Jan 10, 2024
Pursuant to RSA 100-A:14, XII, the New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform NHRS participating employers about legislation that may have a cost impact on political subdivision employers.
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Jan 10, 2024
Information regarding bills introduced in the 2024 legislative session related to the retirement system can be found on the NHRS website.
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Dec 15, 2023
Over the past several weeks, many of our participating employers have reached out to NHRS seeking assistance and/or sharing concerns related to our recent transition to a new employer reporting portal and associated changes to the file layout. I am writing today to assure you that NHRS does not take your concerns lightly and we are committed to working with our participating employers to address all issues in a timely manner.
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Nov 27, 2023
NHRS' transition to a new employer reporting platform this fall has resulted in a larger than normal volume of requests from participating employers seeking assistance in dealing with reporting exceptions and rejected files. NHRS staff is working to resolve these issues as they are received and wants to alert employers that normal response times are delayed.
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Nov 08, 2023
If you save copies of old NHRS forms, presentations, and employer guidance, please make sure you have the most recent versions.
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Jul 05, 2023
Pursuant to RSA 100-A:14, XII, NHRS issues a notice to participating employers at the beginning of the legislative session about legislation that may have a cost impact on political subdivision employers. Under the same statute, NHRS notifies employers if legislation with a cost impact is ultimately adopted. The only legislation with a cost impact on political subdivision employers is the change to the Group I pension recalculation contained in HB 2, which will impact employer contribution rates beginning in Fiscal Year 2026.
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Jul 05, 2023
The NHRS employer compliance audit team has compiled a list of the most common issues they find in the course of employer audits. The retirement system's goal is educate employers on the laws and rules governing employer reporting in order to cut down on future issues.
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Jun 13, 2023
The NH Department of Education (DOE) has eliminated the certification requirement for Business Administrator (BA) positions effective June 30, 2023. It is NHRS’ understanding that BA’s who are currently certified will retain their certification until it lapses. This change will impact which NHRS member category these positions should be enrolled as.
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Jun 05, 2023
NHRS remains on track to deploy its new employer Data Reporting System (DRS) in the fall of 2023. The retirement system has scheduled multiple employer training events this summer focused on monthly reporting of active members in the new DRS.
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May 17, 2023
In 2019, NHRS began the process of upgrading to a newer version of our pension administration software. We expect to begin the transition to the new system this fall. We will be scheduling training sessions for employers on the new system beginning in late June and running through September.
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May 08, 2023
When a member terminates employment to retire and begin collecting a pension benefit, NHRS sends his or her employer a termination form to document recent wage information and payments made after the termination date, if any. The retirement system cannot finalize the benefit payment until this information is received.
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Aug 15, 2022
Legislation enacted in 2022 authorizes NHRS to assess a penalty to employers who fail to timely submit other information required for the proper administration of the retirement system, including, but not limited to, termination forms; other information necessary to process a member’s retirement application; information relating to service credit purchases; and information necessary to perform employer audits and process record corrections.
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Jul 21, 2022
Another change employers will see in the new DRS is the way members are identified based on when they joined NHRS and/or became vested for a future pension benefit.
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May 24, 2022
As a part of its ongoing effort to help educate its members about retirement, the New Hampshire Retirement System has created an online presentation and FAQ for new members called “Learning About Your Retirement Plan.”
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Mar 05, 2021
Our members sometimes reach out to their human resources or personnel department with questions about NHRS. While member inquiries about specific situations are best referred directly to the retirement system, we do provide a number of general information resources that employers are encouraged to share with their employees.
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Mar 02, 2020
An email scam targeting municipal employers has led to the improper diversion of employer contributions from at least two public pension plans outside New Hampshire.
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Jun 24, 2019
NHRS regularly sends out news, notices, and reminders to our participating employers via email. This information is intended for any/all of these work areas: Finance, Payroll/Accounts Payable, HR/Personnel, and Administration.
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Jun 24, 2019
NHRS has created a page filled with resources and information for members approaching retirement.
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