NHRS Three-year Strategic Plan Priorities
July 2020 – June 2023
2020-2021 (FY 21)
- Complete implementation of data security assessment recommendations and continue to enhance IT security.
- Complete project plan milestones for LRS Pension Gold (PGV3) project.
- Enhance customer services through identification and implementation of improved administration of phone, fax, email and walk-in customer contact processes.
- Continue to enhance member interface to include younger employees/members in the NHRS system.
- Build on the outstanding communication with all internal and external stakeholders, including the state legislature.
- Develop and implement a comprehensive communication and education program for employers.
- Develop and document succession plan at all levels, with particular focus on senior positions.
- Manage and implement experience study modification of assumptions and set contribution rates for FY 22 & 23, using the June 30, 2019 valuation.
2021-2022 (FY 22)
- Review and adjust the three year strategic plan as appropriate.
- Continue implementation of PGV3 upgrade as per project plan.
- Complete implementation of (non-PGV3 reliant) data security enhancement recommendations.
2022-2023 (FY 23)
- 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 22 and FY 23 will be reviewed and adjusted depending on results of FY 21.
Approved by the NHRS Board of Trustees, April 14, 2020