News

NHRS Seeks Responses to RFP for Legal Services as New Hampshire Counsel

12/21/2018
  • RFP

The New Hampshire Retirement System has issued a Request for Proposals (RFP) for legal services as New Hampshire counsel.



'NHRS QuickPay' for Employers

  • 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

  • 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

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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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.



Service Credit Formulas Updated for Prior Military Service, Employer Oversight

  • Employers
  • Members

House Bill 675 modified the statutory cost calculation methodologies for the purchase of NHRS service credit for active service in the armed forces prior to NHRS membership and in cases of employer enrollment oversight.



NHRS ... Now You Know: Different roles, different responsibilities

04/22/2019
  • 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, “Different roles, different responsibilities,” is now available.



NHRS legislative update at crossover

04/10/2019
  • Legislation

Six bills related to NHRS have been passed by the N.H. House of Representatives in the current legislative session and have crossed over to the N.H. Senate for further action. In addition, one bill was passed by the Senate and sent to the House.



Employer Notification: 2019 Legislation with Potential Cost Impact

01/24/2019
  • Legislation

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 2019 legislation that may have a cost impact on political subdivision employers.



Employer Notification: Monthly contribution payment deadline extended

01/23/2019
  • Employers

NHRS has extended the monthly deadline for submission of employer contribution payments. Beginning in January, contribution payments will be due to NHRS by the 25th of the month. Submission of employer data reports will remain due by the 15th of the month.



NHRS Releases GASB 68 and GASB 75 Reports for Fiscal Year 2018

01/15/2019
  • Employers

NHRS has released reports for Fiscal Year 2018 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.



Working after retirement 'Grandfathering' capability added to DRS

01/07/2019
  • Employer Notices

Legislation that took effect January 1, 2019, changed the laws governing New Hampshire Retirement System (NHRS, the retirement system) retirees working in a part-time position for retirement system participating employers.



NHRS Releases 2018 Annual Reports

12/17/2018
  • CAIR
  • Summary CAFR
  • CAFR

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