Reporting 2019 calendar year data on NHRS retirees, and reviewing “grandfathered” retirees, is due by February 18, 2020.
NHRS has released reports for Fiscal Year 2019 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.
NHRS is issuing this notice to inform participating employers about 2020 legislation that may have a cost impact on political subdivision employers.
The NHRS Board of Trustees voted unanimously in December to initiate an actuarial experience study for the fiscal years 2016-19 period.
Financial report, summary financial report, and investment report available online.
Recorded instructions for reporting calendar year data on NHRS retirees (HB 561) are now available for participating employers.
The New Hampshire Retirement System member interest rate for calendar year 2020 will be 3.7 percent.
Written instructions for reporting calendar year data on NHRS retirees (HB 561) is available for participating employers.
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 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 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.
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.
Employer notice: The fixed-length file schema for reporting data on NHRS retirees pursuant to House Bill 561 is available for download.
NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada for its annual financial reports.
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.
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.
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.
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.
Benjamin Jean was recently appointed to the NHRS Board of Trustees as an employer member representing the state.
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.