Board of Trustees
The members of the New Hampshire Retirement System Board of Trustees are appointed and serve pursuant to RSA 100-A:14.
NHRS is not a state agency under the executive branch; it is a component unit of the state governed by statute and overseen by the Board of Trustees. Trustees are fiduciaries bound by law to act solely in the interest of the participants and beneficiaries of the pension plan.
NHRS is administered by a 13-member Board of Trustees that includes one employee member, one teacher member, one firefighter member, one police officer member, four employer representatives, four public members, and the State Treasurer.
All trustees – with the exception of the State Treasurer, who serves ex officio – are nominated by the governor for three-year terms and must be confirmed by a vote of the Executive Council. Any newly appointed or reappointed trustee must have familiarity with or experience in finance or business management.
The governor is responsible to designate one of the public trustees to serve as chair of the board.