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

Upcoming meetings

Board Members

Maureen Kelliher, Chair

Public memberAppointed: June 2014

Kelliher_MaureenMaureen Kelliher 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 Chair of the Board, she is also a member 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_WebRobert (Bob) Maloney, the owner of Squam Lakes Financial Advisors, has more than three decades of 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 Planner (AEP) and has a Master of Science in Financial Services (MSFS). He lives in Holderness.

Paul Provost

Public member | Appointed: November 2022

Paul Provost Headshot FinalPaul Provost joined the Board in November as a public member. A thirty-year veteran of the wealth management and trust business, he has led the wealth management businesses for local community banks in New Hampshire since 2002. He is the president of New Hampshire Trust Company (NHTrust), a subsidiary of New Hampshire Mutual Bancorp headquartered in Concord. In addition to being a member of the Board, he is also on the NHRS Independent Investment Committee. Paul earned a bachelor’s degree from the University of Vermont and a master’s degree in administrative management from Saint Michael’s College. He is a Certified Financial Planner. He also serves on the boards of the New Hampshire Higher Education Loan Corporation and the Concord Hospital Trust. He previously served as a board chair for the NH Charitable Foundation, Capital Region, and the Central New Hampshire Boys & Girls Club. He lives in Concord.


Public member | Appointed:


Germano Martins

Employee Member | Appointed: August 2021

Martins_GermanoGermano Martins is an administrator with the Department of Health and Human Services; he has worked for the Department for 35 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 master's degree 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_MartineauAndrew Martineau is a captain 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.

Joshua Quigley

Police Member | Appointed: October 2022

Joshua QuigleyJoshua Quigley is a Trooper First Class with the New Hampshire State Police, where he has served since 2008. He has held diverse assignments with the State Police and is currently assigned to the Major Crime Unit, assisting the NH Attorney General’s Office with a large-scale juvenile abuse investigation.  He currently serves as a Director of the NH Police Association and as the Secretary of the NH Trooper’s Association. Prior to joining the State Police, he was employed in the financial services industry by a data vendor that provided a variety of services to institutional investment firms.

Sue Hannan

Teacher Member | Appointed: August 2018

Hannan_Sue_NHRS-1217_WebSue Hannan has been a middle school teacher in public education for 29 years, and currently works in professional learning and credentialing in the Manchester School District. She is also the president of the Manchester Education Association, a post she has held for eight 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_DonaldDonald Roy, the longest-serving member of the Board, founded New England Wealth Advisors more than 30 years ago. The firm is currently located in Bedford. 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.

Jon Frederick

Employer Member - NH Municipal AssociationAppointed: September 2022

Jon FrederickJon Frederick currently serves as the town manager in Jaffrey. He has a master’s degree in public administration and previously served as the Director of Parking and Transportation for the City of Portsmouth and as the town manager for three different towns in Maine. Jon served in the United States Coast Guard for 20 years, retiring in 2006. He lives in Jaffrey.

Jason Henry

Employer Member - NH Association of CountiesAppointed: June 2023

Jason HenryJason Henry currently serves as the Superintendent of Rockingham County Department of Corrections in Brentwood. He previously was Superintendent of the Carroll County Department of Corrections. He also worked as a high school teacher and as a police patrol officer in New Hampshire. He is a member of the Barnstead School Board and is involved in several volunteer activities, including coaching, working with youth organizations, and the Masons. He has a master’s degree in public policy from New England College and a B.S. from Plymouth State University.

Ken Merrifield

Employer Member - State of NH | Appointed: April 2021

Merrifield PhotoKen Merrifield 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. Ken 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 ColorMonica Mezzapelle is the New Hampshire State Treasurer, serving as an ex officio member of the Board of Trustees and as Chair of the NHRS Audit Committee.  Treasurer Mezzapelle was first elected by the NH Legislature in 2020 and has more than 25 years of finance, accounting, and public administration experience. She began her career in public accounting, joined the State of New Hampshire in 2000 working for the State Auditor's Office, and transitioned to the State Treasury in 2014. She is a Certified Public Accountant and holds the American Institute of Certified Public Accountants designation of Chartered Global Management Accountants. She earned a bachelor's degree in finance and accounting from La Salle University. She lives in Concord.

Board Committees

  • Audit: Mezzapelle (chair), Henry, Kelliher, Martins
  • Benefits: Martins (chair), Frederick, Henry, Martineau, Roy
  • Governance: Roy (chair), Frederick, Maloney, Mezzapelle, Provost
  • Legislative: Merrifield (chair), Frederick, Hannan, Martineau, Quigley
  • Personnel, Performance and Compensation: Hannan (Chair), Kelliher, Maloney, Merrifield, Quigley

Board Public Materials

FileTypeSizeUploaded onDownload
Board Public Materials - April 2024PDF6.17 MB15 Apr, 2024 Download
Board Public Materials - February 2024PDF7.61 MB08 Feb, 2024 Download
Board Public Materials - December 2023PDF7.52 MB07 Dec, 2023 Download
Board Public Materials - November 2023PDF7.95 MB13 Nov, 2023 Download
Public Board Materials - October 2023PDF4.00 MB04 Oct, 2023 Download
Public Board Materials - September 2023PDF7.54 MB07 Sep, 2023 Download
Public Board Materials - August 2023PDF2.00 MB04 Aug, 2023 Download
Public Board Materials - July 2023PDF9.66 MB06 Jul, 2023 Download
Public Board Materials - June 2023PDF4.06 MB09 Jun, 2023 Download
Public Board Materials - May 2023PDF5.05 MB05 May, 2023 Download
Public Board Materials - April 2023PDF6.04 MB10 Apr, 2023 Download
Public Board Materials - March 2023PDF3.87 MB13 Mar, 2023 Download