NHRS Three-year Strategic Plan Priorities

July 2019 – June 2022

2019-2020 (FY 20)

• Complete implementation of data security assessment recommendations and continue to enhance IT security.
• Complete project plan milestones for LRS Pension Gold (PGV3) project.
• Continue to improve services to our members and education outreach to those members in the early to mid-career stage.
• Develop and implement a comprehensive communication and education program for employers.
• Develop and document executive management succession plan.

2020-2021 (FY 21)

• Review and adjust the three-year strategic plan as appropriate.
• Continue implementation of PGV3 upgrade as per project plan.
• Complete implementation of data security enhancement recommendations.
• Set contribution rates for FY 22 & 23, using the June 30, 2019 valuation.

2021-2022 (FY 22)

• Continue implementation of PGV3 upgrade as per project plan.
• Evaluate progress on all objectives and initiatives over prior 24 months to determine what has been achieved and what still needs to be addressed.

NOTES

• Plan does not address day-to-day issues such as managing implications of legislative action or litigation outcomes, which may be material, but are entirely unpredictable. Also, see KPMs for performance measures.
• FY 21 and FY 22 will be reviewed and adjusted depending on results of FY 19.

Approved by the NHRS Board of Trustees, April 9, 2019