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.

NHRS Board of Trustees Governance Manual

Board Members


 Gustafson_Dick

Richard Gustafson, Ph.D.
Chair
Public member 

 

Robert Maloney

Public member

 Kelliher_Maureen

Maureen Kelliher

Public member

 Lesko_Tim Timothy Lesko

Public member

 

Melvin Friese

Employee Member

 Walker_George

George Walker

Fire Member

William Hart

William Hart

Police Member

 

Sue Hannan

Teacher Member

 Roy_Donald

Donald M. Roy

Employer Member
NH School Boards Association

 

Scott Myers 

Employer Member
NH Municipal Association


 

Christopher Coates

Employer Member
NH Association of Counties

 Milligan 2011 Portrait

Michael Milligan 

Employer Member
State of NH

 Dwyer_Bill

Bill Dwyer

State Treasurer

Board Committees

  • Audit: Dwyer (chair), Friese, Kelliher, Lesko
  • Benefits: Walker (chair), Friese, Hart, Roy
  • Governance: Roy (chair), Dwyer, Gustafson, Hannan, Maloney
  • Legislative: Myers (chair), Gustafson, Hannan, Maloney, Milligan
  • Personnel, Performance and Compensation: Hart (chair), Gustafson, Milligan, Myers, Walker

Board Public Materials

FileTypeSizeUploaded onDownload
Board Public Materials - October 2018PDF19.57 MB08 Oct, 2018 Download
Board Public Materials - September 2018PDF9.99 MB07 Sep, 2018 Download
Public Board Materials - August 2018PDF6.11 MB10 Aug, 2018 Download
Public Board Materials - July 2018PDF5.20 MB09 Jul, 2018 Download