News

Employer Reminder: HB 561 Retiree Reporting Due Next Month

01/28/2020
  • Employers

Reporting 2019 calendar year data on NHRS retirees, and reviewing “grandfathered” retirees, is due by February 18, 2020.



NHRS Releases GASB 68 and GASB 75 Reports for Fiscal Year 2019

01/24/2020
  • GASB
  • Employers

NHRS has released reports for Fiscal Year 2019 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.



NHRS Employer Notification: Legislation with Potential Cost Impact

01/13/2020
  • Employers

NHRS is issuing this notice to inform participating employers about 2020 legislation that may have a cost impact on political subdivision employers.



NHRS Initiates Review of Actuarial Assumptions

12/23/2019

The NHRS Board of Trustees voted unanimously in December to initiate an actuarial experience study for the fiscal years 2016-19 period.



NHRS Releases 2019 Annual Reports

12/18/2019
  • CAIR
  • Summary CAFR
  • CAFR

Financial report, summary financial report, and investment report available online.



Recorded Instructions for HB 561 Retiree Reporting

12/17/2019
  • DRS
  • Employers

Recorded instructions for reporting calendar year data on NHRS retirees (HB 561) are now available for participating employers.



NHRS Member Interest Rate for Calendar Year 2020

12/10/2019
  • Members

The New Hampshire Retirement System member interest rate for calendar year 2020 will be 3.7 percent.



Instructions for HB 561 Retiree Reporting

12/04/2019
  • Employers
  • DRS

Written instructions for reporting calendar year data on NHRS retirees (HB 561) is available for participating employers.



NHRS ... Now You Know: Good Governance is Fundamental

11/19/2019
  • Now You Know

In an effort to inform stakeholders and other interested parties, the retirement system has developed “NHRS … Now You Know,” a series of issue briefs designed to provide plain talk about some of the major topics concerning the retirement system. The latest issue brief, “Good governance is fundamental,” is now available.



'NHRS QuickPay' for Employers

11/08/2019
  • Employers

NHRS has partnered with Citizens Bank to create “NHRS QuickPay,” an online bill pay service to facilitate the submission of employer contributions via ACH at no cost to participating employers.



NHRS Realizes 5.7% Investment Return in Fiscal Year 2019

10/18/2019
  • Investments

NHRS realized a 5.7% return on investments in the fiscal year ended June 30, 2019. At the close of the fiscal year, the retirement system’s unaudited net position held in trust was $9.208 billion.



National Retirement Security Week, Oct. 20-26

10/18/2019

NHRS has added a section to our website – “The Bigger Picture” – that lists resources on retirement planning and overall financial literacy from governmental, non-profit, media, and public service entities. While the emphasis is on preparing for retirement, many of these links are relevant regardless of age.



Fixed-Length File for HB 561 Retiree Reporting is Available

10/07/2019
  • DRS

Employer notice: The fixed-length file schema for reporting data on NHRS retirees pursuant to House Bill 561 is available for download.



NHRS Receives Awards for Financial Reporting

09/19/2019
  • Summary CAFR
  • CAFR

NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada for its annual financial reports.



Member Annual Statements Available on My Account

10/16/2017
  • Members

The Fiscal Year 2019 Member Annual Statements for all NHRS members who are not yet retired have been posted to My Account, the retirement system’s secure online portal.



NHRS 2019 Legislative Update

09/10/2019
  • Retirees
  • Members
  • Employers
  • Legislation

Six bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2019 session and signed into law by the Governor.



State authorizes 1.5% cost-of-living adjustment

09/08/2019
  • Retirees
  • Legislation

House Bill 616 grants a one-time, 1.5% COLA on the first $50,000 of an annual pension benefit to members who retired on or before July 1, 2014, or any beneficiary of such member who is receiving a survivorship pension benefit. The COLA will take effect on the retired member’s first anniversary date of retirement occurring after July 1, 2020.



Additional Pay Types Includable as Earnable Compensation

08/23/2019
  • Legislation

House Bill 468 adds annual attendance stipends or bonuses to the definition of earnable compensation for all members and also enables wages paid to full-time Community College System of New Hampshire (CCSNH) faculty for teaching summer courses to be included as earnable compensation. Both changes are effective September 10, 2019.



Jean Appointed to Board of Trustees

08/22/2019
  • Board of Trustees

Benjamin Jean was recently appointed to the NHRS Board of Trustees as an employer member representing the state.



NHRS ... Now You Know: Separating myth from reality

08/06/2019
  • Now You Know

In an effort to inform stakeholders and other interested parties, the New Hampshire Retirement System has developed “NHRS … Now You Know,” a series of issue briefs designed to provide plain talk about some of the major topics concerning the retirement system. The latest issue brief, “Separating myth from reality,” is now available.