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.

Board Policies

Board Members

Timothy Lesko, Chair

Public memberAppointed: January 2018

Lesko_Tim_NHRS-1271_WebLesko is a partner at Granite Investment Advisors in Concord. Prior to joining Granite Investment Advisors in 1999, he worked at NationsBanc Montgomery Securities and Merrill Lynch Pierce Fenner & Smith. He is a frequent guest on CNBC’s “Closing Bell,” “Squawk Box Asia,” “Power Lunch” and “The Nightly Business Review,” where he discusses economics, markets, and securities. He is a trustee of the The Beech Hill School, and a former Trustee of both the Concord Regional Visiting Nurse Association and The Capital Center for the Arts. He is also a member of the NHRS Independent Investment Committee (IIC). He lives in Concord.

Maureen Kelliher

Public member | Appointed: June 2014

Kelliher_MaureenKelliher has more than four decades of investment management experience. She has served as co-chief and chief investment officer for trust and investment management firms as well as money desk manager for several banks. In addition to being a member of the Board, she is also Chair of the NHRS Independent Investment Committee. She holds the Chartered Financial Analyst designation and is a member of the CFA Institute. She lives in Dover.

Robert Maloney

Public member | Appointed: July 2018

Maloney_Bob_NHRS-1202_WebMaloney, the owner of Squam Lakes Financial Advisors, has three decades experience as a fee-only retirement and financial planner, having previously served for 13 years as a trust officer. He is a Board member, Chairman of the Finance Committee, and Treasurer of Speare Memorial Hospital in Plymouth. He is a founding member of the National Association of Personal Financial Advisors (NAPFA), the largest organization of fee-only planners in the US.  He holds a designation as an Accredited Estate Panner (AEP) and has a Master of Financial Services (MSFS). He lives in Holderness.

Scott Christensen

Public member | Appointed: March 2020

Scott ChristensenChristensen is the Managing Partner of the Northern New England offices of Northwestern Mutual, a position he has held since 2004. Christensen attended the University of Illinois and graduated with a degree in Business Administration/Marketing in 1984. He entered the financial services industry with Dean Witter Reynolds in 1987. His career with Northwestern Mutual started in 1990.  Christensen is the former Chairman of the Board of Directors of the Boy Scouts Daniel Webster Council. He also participates on the board of Southeast NH Habitat for Humanity and the Board of Advisors of StayWorkPlay NH. He lives in Portsmouth.

Germano Martins

Employee Member | Appointed: August 2021

Martins_GermanoMartins is an administrator with the Department of Health and Human Services; he has worked for the Department for 32 years. He attended Nathaniel Hawthorne College and graduated with a dual bachelor's degree in Psychology and Business Administration. He went on to New Hampshire College (now Southern New Hampshire University) and earned his Masters in Business Administration. He previously served on the NHRS board from 2006 to 2011 and from 2013 to 2018. He is also on the Board of Directors of the State Employees Association. He lives in Hooksett where he serves on the town's Budget Committee.

Andrew Martineau

Fire Member | Appointed: December 2020

Andrew_MartineauMartineau is a lieutenant with Nashua Fire Rescue (NFR), where he has served since 2009. He is a graduate of the Whittemore School of Business and Economics at the University of New Hampshire. He lives in Bow.

William Hart

Police Member | Appointed: August 2016

William HartHart has served as Chief of Police for the Town of Londonderry since 2009.  He is a graduate of Boston College Law School and served two terms as Rockingham County Attorney prior to joining the Londonderry Police Department’s administrative team.  Hart is also a former small business owner, and a veteran having served with the United States Marine Corps for three years.

Sue Hannan

Teacher Member | Appointed: August 2018

Hannan_Sue_NHRS-1217_WebHannan has been a middle school teacher in public education for 27 years, and currently teaches Literacy Intervention in the Manchester School District. She is also the president of the Manchester Education Association, a post she has held for six years. Hannan and her husband owned a financial services company for 15 years, working directly with consumers. She earned her undergraduate degree from the University of Maine at Farmington, and her Master’s Degree in Educational Leadership from Southern New Hampshire University. She is a Justice of the Peace for Rockingham County, and lives in Derry.

Donald M. Roy

Employer Member - NH School Boards Association | Appointed: July 2011

Roy_DonaldRoy, the longest-serving member of the Board, founded New England Wealth Advisors in Bedford more than 30 years ago. He has a degree in Business Management from Franklin Pierce College, and is a Certified Financial Planner who has taught adult education classes for over 20 years. He has served on other boards, including Big Brothers/Big Sisters of Greater Nashua and the Adult Learning Center of Nashua. He lives in North Hampton.

Scott Myers

Employer Member - NH Municipal AssociationAppointed: January 2018

Myers_Scott_NHRS-1232_WebMyers has been the city manager of Laconia since July 2011. Prior to coming to Laconia, Myers served as mayor of Dover for four terms from 2004-11. In addition to working as a municipal manager, he has experience in private industry as managing partner of several Seacoast-area hospitality businesses from 1995-2011. Myers served on the New Hampshire Municipal Association (NHMA) Board from 2008-2019 and served as chairman in 2015-2016. He lives in Laconia.

Christopher Coates

Employer Member - NH Association of CountiesAppointed: September 2018

Coates_Chris_NHRS-1285_WebCoates is the Cheshire County administrator. Before joining the county, he worked for 22 years for Monadnock Development Services as Director of Outside Services and Development. He previously served on the Keene City Council and Keene Board of Education, as well as one term in the NH House of Representatives. Currently, he sits on the Keene Chamber of Commerce Board, Southwest Regional Planning Commission, Hundred Night Homeless Emergency Shelter and Resource Center Board, and the Cedarcrest Center for Children with Disabilities Advisory Council. He also is the Commissioner for Keene Housing, Executive Committee Member of New Hampshire Association of Counties, and Advisory Board Member for Monadnock Economic Development Committee. He lives in Keene.

Ken Merrifield

Employer Member - State of NHAppointed: March 2021

Merrifield PhotoMerrifield is currently the Commissioner of the Department of Labor, where he has served since 2017. Before becoming Labor Commissioner, he worked in senior finance positions at the state Department of Health and Human Services and state Department of Education. He is a former five-term mayor of Franklin and also served on the Franklin City Council and the Franklin and SAU 18 school boards. Merrifield earned a bachelor’s degree from St. Anselm College and an MBA from Franklin Pierce University. He lives in Franklin.

Monica Mezzapelle

State Treasurer (ex officio member)Appointed: March 2020

Monica Mezzapelle LR ColorMezzapelle was elected State Treasurer by the Legislature in 2020 after serving as Deputy Treasurer for six years. In addition to overseeing Treasury operations, she is a member of numerous statutory boards and commissions, including serving as Chair of the NHRS Audit Committee, is the trustee of the NH 529 College Savings Plan, and shares the administration of the STABLE NH Plan (savings plan for individuals with disabilities) with the Executive Director of the Governor’s Commission on Disabilities.  She began her career in public accounting and joined the NH Office of the Legislative Budget Assistant Audit Division in 2000. She is a Certified Public Accountant and holds the AICPA designation of Chartered Global Management Accountant. She received her B.S. in accounting and finance from La Salle University. She lives in Concord.

Board Committees

  • Audit: Mezzapelle (chair), Coates, Lesko, Kelliher, Martins
  • Benefits: Coates (chair), Hart, Martineau, Martins, Roy
  • Governance: Roy (chair), Christensen, Hannan, Maloney, Mezzapelle
  • Legislative: Myers (chair), Christensen, Hannan, Martineau, Merrifield
  • Personnel, Performance and Compensation: Hart (chair), Lesko, Maloney, Merrifield, Myers

Board Public Materials

FileTypeSizeUploaded onDownload
Public Board Materials - June 2022PDF3.55 MB09 Jun, 2022 Download
Public Board Materials - May 2022PDF2.58 MB06 May, 2022 Download
Public Board Materials - April 2022PDF2.76 MB08 Apr, 2022 Download
Public Board Materials - March 2022PDF5.33 MB03 Mar, 2022 Download
Board Public Materials - February 2022PDF6.56 MB03 Feb, 2022 Download
Public Board Materials - January 2022PDF4.81 MB10 Jan, 2022 Download
Board Public Materials - December 2021PDF5.79 MB08 Dec, 2021 Download
Public Board Materials - November 2021PDF13.55 MB04 Nov, 2021 Download
Public Board Materials - October 2021PDF5.21 MB06 Oct, 2021 Download
Board Public Materials - September 2021PDF5.06 MB08 Sep, 2021 Download
Board Public Materials - August 2021PDF5.31 MB07 Aug, 2021 Download