Pursuant to New Hampshire Retirement System (NHRS) law, specifically NH RSA 100-A:16, the Special Account was established to fund additional benefits such as supplemental allowances or cost-of-living adjustments (COLAs).  Assets in the Special Account are not used in the actuarial determination of the normal contribution rate.  (This is the rate of normal or regular employer contributions.)  

As a result of House Bill 2 (Chapter 224, Laws of 2011), the balance in each Special Account component (Employees, Teachers, Police and Fire) was transferred to the corresponding components of the State annuity Accumulation Fund except for
funds necessary to comply with RSA 100-A:41-d, III as amended.

More information on the Special Account is available in the NHRS annual actuarial valuations.